LIBRARY ROOM 5030
JUN 2, 1972
TREASURY DEPARTMENT
Copy 9
BULLETIN
OF THE
TREASURY DEPARTMENT
OCTOBER 1941
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
LIBRARY ROOM 5030
JUN 2, 1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
OCTOBER 1941
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Bulletin of the Treasury Department, October 1941
Table of Contents
Page
SUMMARY OF FISCAL STATISTICS
<table><tr><td>Budget receipts and expenditures, public debt, and means of financing cash requirements</td><td>2-3</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
<table><tr><td>Budget receipts and expenditures</td><td>5-8</td></tr><tr><td>Receipts and expenditures for trust accounts, increment on gold, etc.</td><td>9</td></tr><tr><td>Means of financing cash requirements</td><td>10</td></tr><tr><td>Social insurance accounts</td><td>11-12</td></tr><tr><td>Cash income and outgo</td><td>13-14</td></tr></table>
GENERAL FUND OF THE TREASURY
<table><tr><td>Assets, liabilities, and balance in General Fund</td><td>16</td></tr><tr><td>Changes in the General Fund balance</td><td>17</td></tr></table>
PUBLIC DEBT OF THE UNITED STATES
(Excluding ownership data)
<table><tr><td>Statement of the outstanding public debt, September 30, 1941</td><td>19</td></tr><tr><td>Composition of the public debt</td><td>19-20</td></tr><tr><td>Maturity schedule of U. S. Government debt, September 30, 1941</td><td>21-22</td></tr><tr><td>Treasury financing operations since January 1, 1938</td><td>23</td></tr><tr><td>Treasury bill offerings since September 1, 1940</td><td>24</td></tr><tr><td>Debt position of U. S. under Second Liberty Bond Act, September 30, 1941</td><td>25</td></tr><tr><td>Public debt receipts and expenditures</td><td>26</td></tr><tr><td>Computed rate of interest on the public debt</td><td>26</td></tr><tr><td>Average yields of Treasury and corporate bonds beginning with January 1933</td><td>27-28</td></tr><tr><td>Yields of Treasury bonds and notes, October 15, 1941</td><td>29</td></tr></table>
OWNERSHIP OF GOVERNMENT SECURITIES
<table><tr><td>Summary distribution by holders of securities issued by the U. S. Government and guaranteed by the U. S.</td><td>31</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts</td><td>31</td></tr><tr><td>Treasury survey of the ownership of Government securities, August 31, 1941</td><td>32-37</td></tr></table>
(Continued on following page)
Table of Contents - (Continued)
Page
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
<table><tr><td>Assets and liabilities and proprietary interest, August 31, 1941</td><td>39-40</td></tr><tr><td>Sources and uses of funds</td><td>41-44</td></tr><tr><td>Obligations outstanding guaranteed by the U. S.</td><td>45</td></tr><tr><td>Financing operations in securities guaranteed by the U. S.</td><td>45</td></tr><tr><td>Maturity schedule of securities guaranteed by the U. S., September 30, 1941</td><td>46</td></tr></table>
INTERNAL REVENUE STATISTICS
<table><tr><td>Collection of internal revenue</td><td>48-50</td></tr><tr><td>Study of individual income tax returns concerning difference between state of residence and state of filing</td><td>51-55</td></tr></table>
CUSTOMS STATISTICS
<table><tr><td>Customs duties and taxes collected</td><td>57-58</td></tr><tr><td>Commodities imported under quota provisions</td><td>59-61</td></tr></table>
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
<table><tr><td>Net capital movement between the United States and foreign countries</td><td>63-64</td></tr><tr><td>Short-term foreign liabilities and assets</td><td>65-68</td></tr><tr><td>Foreign security transactions and brokerage balances</td><td>69-71</td></tr><tr><td>Foreign transactions in domestic securities</td><td>72-73</td></tr><tr><td>Foreign exchange transactions</td><td>74-75</td></tr></table>
GOLD AND SILVER STATISTICS
<table><tr><td>Gold assets and liabilities of the Treasury</td><td>77</td></tr><tr><td>Movement of gold to and from the United States</td><td>77</td></tr><tr><td>Monetary stocks of gold and silver</td><td>78-79</td></tr><tr><td>Components of silver monetary stock</td><td>79</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices</td><td>79</td></tr><tr><td>Seigniorage on silver</td><td>80</td></tr><tr><td>Silver production by countries</td><td>80</td></tr><tr><td>Movement of silver to and from the United States</td><td>81</td></tr></table>
OTHER TREASURY STATISTICS
<table><tr><td>Balance sheet of Exchange Stabilization Fund, June 30, 1941</td><td>83-84</td></tr><tr><td>Vessels cleared from the United States direct for foreign ports</td><td>85-86</td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts</td><td>87</td></tr></table>
Note: In tables in which it is indicated that the figures are rounded to a given unit, the details will not necessarily add to the totals shown.
SUMMARY OF FISCAL STATISTICS
—1—
2
Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="4">First 3 months, fiscal years 1940 to 1942</th><th colspan="8">Complete fiscal years, 1938 to 1942</th></tr><tr><th>1940</th><th>1941</th><th>1942</th><th>Change 1941 to 1942</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>1942 1/</th><th>Estimated Actual 1940 to actual 1941</th><th>Change Actual 1941 to estimated 1942 1/</th></tr><tr><td><b>Receipts:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income and profit taxes 2/</td><td>409</td><td>519</td><td>922</td><td>+403</td><td>2,640</td><td>2,189</td><td>2,125</td><td>3,470</td><td>7,079</td><td>+1,345</td><td>+3,609</td></tr><tr><td>Employment taxes</td><td>182</td><td>206</td><td>256</td><td>+50</td><td>755</td><td>740</td><td>833</td><td>923</td><td>1,167</td><td>+92</td><td>+282</td></tr><tr><td>Miscellaneous internal revenue 3/</td><td>715</td><td>796</td><td>798</td><td>+2</td><td>2,279</td><td>2,232</td><td>2,345</td><td>2,967</td><td>3,991</td><td>+622</td><td>+1,024</td></tr><tr><td>Customs</td><td>68</td><td>71</td><td>107</td><td>+36</td><td>359</td><td>319</td><td>349</td><td>392</td><td>614</td><td>+43</td><td>+22</td></tr><tr><td>Other receipts</td><td>52</td><td>52</td><td>62</td><td>+10</td><td>208</td><td>188</td><td>273</td><td>515</td><td>208</td><td>+282</td><td>-307</td></tr><tr><td>Total receipts</td><td>1,447</td><td>1,645</td><td>2,145</td><td>+500</td><td>6,242</td><td>5,668</td><td>5,925</td><td>8,269</td><td>12,899</td><td>+2,344</td><td>+4,590</td></tr><tr><td>Less amount transferred to Federal Old-Age and Survivors Insurance Trust Fund 4/</td><td>134</td><td>196</td><td>201</td><td>+49</td><td>387</td><td>503</td><td>538</td><td>661</td><td>861</td><td>+123</td><td>+200</td></tr><tr><td>Net receipts</td><td>1,313</td><td>1,449</td><td>1,944</td><td>+455</td><td>5,855</td><td>5,165</td><td>5,387</td><td>7,607</td><td>11,998</td><td>+2,220</td><td>+4,391</td></tr><tr><td><b>Expenditures: 5/</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War</td><td>139</td><td>253</td><td>1,788</td><td>+1,535</td><td>432</td><td>490</td><td>667</td><td>3,636</td><td>6/</td><td>+2,969</td><td>6/</td></tr><tr><td>Navy</td><td>192</td><td>342</td><td>1,132</td><td>+790</td><td>996</td><td>673</td><td>892</td><td>2,217</td><td>6/</td><td>+1,326</td><td>6/</td></tr><tr><td>Defense aid (Land-lease)</td><td>-</td><td>-</td><td>243</td><td>+243</td><td>-</td><td>-</td><td>-</td><td>21</td><td>6/</td><td>+21</td><td>6/</td></tr><tr><td>Miscellaneous national defense</td><td>23</td><td>26</td><td>241</td><td>+215</td><td>1</td><td>44</td><td>99</td><td>207</td><td>5/</td><td>+108</td><td>5/</td></tr><tr><td>Total national defense</td><td>354</td><td>621</td><td>3,404</td><td>+2,783</td><td>1,029</td><td>1,206</td><td>1,657</td><td>6,080</td><td>18,000</td><td>+4,423</td><td>+11,920</td></tr><tr><td>Veterans' Administration 1/</td><td>139</td><td>137</td><td>138</td><td>+1</td><td>582</td><td>557</td><td>557</td><td>563</td><td>570</td><td>+6</td><td>+7</td></tr><tr><td>Public Works 6/</td><td>273</td><td>211</td><td>191</td><td>-20</td><td>804</td><td>1,000</td><td>950</td><td>738</td><td>693</td><td>-212</td><td>-45</td></tr><tr><td>Aid to Agriculture 9/</td><td>338</td><td>163</td><td>232</td><td>+69</td><td>854</td><td>1,228</td><td>1,599</td><td>93710/</td><td>1,152</td><td>-622</td><td>+215</td></tr><tr><td>Grants to States under the Social Security Act</td><td>93</td><td>107</td><td>127</td><td>+20</td><td>271</td><td>320</td><td>357</td><td>415</td><td>434</td><td>+58</td><td>+19</td></tr><tr><td>WPA and PWA</td><td>401</td><td>342</td><td>274</td><td>-68</td><td>1,472</td><td>2,240</td><td>1,572</td><td>1,421</td><td>965</td><td>-151</td><td>-456</td></tr><tr><td>FERA and CWA</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-1</td><td>-</td></tr><tr><td>Civilian Conservation Corps</td><td>78</td><td>72</td><td>58</td><td>-14</td><td>326</td><td>290</td><td>283</td><td>257</td><td>200</td><td>-26</td><td>-57</td></tr><tr><td>Interest on the public debt</td><td>185</td><td>188</td><td>203</td><td>+15</td><td>926</td><td>981</td><td>1,041</td><td>1,111</td><td>1,275</td><td>+70</td><td>+154</td></tr><tr><td>Other (including departmental 11/)</td><td>420</td><td>442</td><td>375</td><td>-67</td><td>970</td><td>923</td><td>1,022</td><td>1,183</td><td>1,292</td><td>+166</td><td>+104</td></tr><tr><td>Total expenditures 5/</td><td>2,279</td><td>2,283</td><td>5,001</td><td>+2,718</td><td>7,239</td><td>8,707</td><td>8,998</td><td>12,711</td><td>24,581</td><td>+3,713</td><td>+11,870</td></tr><tr><td>Net budget deficit 5/</td><td>967</td><td>794</td><td>3,057</td><td>+2,263</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,583</td><td>+1,492</td><td>+7,480</td></tr></table>
Sources: Daily Treasury Statements, except as noted.
1/ Budget estimates as of October 5, 1941.
2/ Includes unjust enrichment tax.
3/ Includes briefly alcoholic beverage taxes, tobacco taxes, manufacturers' excise taxes, and estate taxes.
4/ Beginning July, 1940, amounts representing appropriations equal to collections of Social Security taxes under the Federal Insurance Contributions Act for old-age insurance (less rebursements to the general fund for administrative expenses) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items are reflected under trust account receipts as net appropriations in the Federal Old-Age and Survivors Insurance Trust Fund. In the above statement, similar treatment has been accorded net transfers in the Federal Old-Age and Survivors Insurance Trust Fund (formerly Old-Age Reserve Account) made during the fiscal years 1936 to 1940, in order to facilitate comparison with the later periods.
5/ Excludes public debt retirements.
6/ Details not available.
7/ Includes expenditures classified as Transfers to trust accounts, etc., for the Adjusted Service Certificate Fund.
8/ Includes Public Works transactions classified as Revolving Funds (net).
9/ Includes Aid to Agriculture transactions classified as Revolving Funds (net), and expenditures of the Department of Agriculture classified as Departmental in the Daily Treasury Statement.
10/ Represents gross expenditures of $1,252 millions less repayments of U. S. investments in capital funds aggregating $315 millions.
11/ Includes expenditures classified as Transfers to trust accounts, etc., for Government employee retirement and insurance funds and the Railroad Retirement account. Excludes expenditures of the Department of Agriculture, included in this statement under Aid to Agriculture.
Public Debt Outstanding
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="4">End of first 3 months, fiscal years 1940 to 1942</th><th colspan="8">End of fiscal years, 1938 to 1942</th></tr><tr><th>Sept. 30, 1939</th><th>Sept. 30, 1940</th><th>Sept. 30, 1941</th><th>Change Sept. 30, 1940 to Sept. 30, 1941</th><th colspan="3">Actual</th><th>Estimated</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>June 30, 1938</th><th>June 30, 1939</th><th>June 30, 1940</th><th>June 30, 1941</th><th>June 30, 1942 1/</th><th>Actual June 30, 1940 to actual June 30, 1941</th><th>Actual June 30, 1941 in estimated June 30, 1942</th></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable</td><td>33,952</td><td>35,119</td><td>37,368</td><td>+2,249</td><td>32,344</td><td>33,965</td><td>34,436</td><td>37,713</td><td>2/</td><td>+3,277</td><td>2/</td></tr><tr><td>Non-marketable</td><td>2,326</td><td>3,298</td><td>6,765</td><td>+3,467</td><td>1,556</td><td>2,151</td><td>3,166</td><td>4,555</td><td>2/</td><td>+1,389</td><td>2/</td></tr><tr><td>Total public issues</td><td>36,279</td><td>38,417</td><td>44,133</td><td>+5,716</td><td>33,900</td><td>36,116</td><td>37,602</td><td>42,267</td><td>2/</td><td>+4,666</td><td>2/</td></tr><tr><td>Special issues</td><td>4,063</td><td>5,063</td><td>6,658</td><td>+1,595</td><td>2,676</td><td>3,770</td><td>4,775</td><td>6,120</td><td>2/</td><td>+1,345</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>40,342</td><td>43,480</td><td>50,791</td><td>+7,311</td><td>36,576</td><td>39,886</td><td>42,376</td><td>48,387</td><td>2/</td><td>+6,011</td><td>2/</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>516</td><td>593</td><td>556</td><td>-37</td><td>589</td><td>558</td><td>591</td><td>574</td><td>2/</td><td>-17</td><td>2/</td></tr><tr><td>Total public debt outstanding</td><td>40,858</td><td>44,073</td><td>51,346</td><td>+7,273</td><td>37,165</td><td>40,446</td><td>42,968</td><td>48,961</td><td>61,027</td><td>+5,994</td><td>+12,066</td></tr></table>
Sources: Daily Treasury Statements, except as noted. 1/ Budget estimates as of October 5, 1941. 2/ Details not available.
3
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">First 3 months, fiscal years 1940 to 1942</th><th colspan="5">Complete fiscal years, 1938 to 1942</th></tr><tr><th>1940</th><th>1941</th><th>1942</th><th colspan="3">Actual</th><th colspan="2">Estimated</th></tr><tr><th></th><th></th><th></th><th></th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>1942 1/</th></tr><tr><td>Amount required to be financed:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net budget deficit 2/.</td><td>967</td><td>794</td><td>3,057</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,583</td></tr><tr><td>Net increase in General Fund balance.</td><td>-</td><td>524</td><td>-</td><td>-</td><td>622</td><td>-</td><td>742</td><td>-</td></tr><tr><td>Net expenditures in trust accounts, increment on gold, etc. 3/.</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>148</td><td>-</td></tr><tr><td>Total amount required to be financed.</td><td>1,079</td><td>1,318</td><td>3,057</td><td>1,384</td><td>4,164</td><td>3,611</td><td>5,994</td><td>12,583</td></tr><tr><td>Means of financing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in public debt.</td><td>418</td><td>1,105</td><td>2,385</td><td>740</td><td>3,275</td><td>2,528</td><td>5,994</td><td>12,066</td></tr><tr><td>Net decrease in General Fund balance.</td><td>661</td><td>-</td><td>368</td><td>338</td><td>-</td><td>947</td><td>-</td><td>479</td></tr><tr><td>Net receipts in trust accounts, increment on gold, etc. 3/.</td><td>-</td><td>213</td><td>304</td><td>306</td><td>890</td><td>136</td><td>-</td><td>38</td></tr><tr><td>Total amount financed.</td><td>1,079</td><td>1,318</td><td>3,057</td><td>1,384</td><td>4,164</td><td>3,611</td><td>5,994</td><td>12,583</td></tr></table>
Source: Daily Treasury Statements.
1/ Budget estimates as of October 5, 1941.
2/ Excludes public debt retirements.
3/ Comprises trust accounts, checking accounts of Government agencies, etc., increment on gold, assigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
FEDERAL RECEIPTS AND EXPENDITURES
-4-
5
Budget Receipts and Expenditures
Table 1. Summary
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="6">Expenditures 1/</th><th rowspan="2">Public debt retirements 9/</th></tr><tr><th>Total receipts</th><th>Internal revenue 2/</th><th>Customs 3/</th><th>Other receipts</th><th>Less net amount transferred to Federal Old-Age and Survivors Insurance Trust Fund 4/</th><th>Net receipts</th><th>Total expenditures</th><th>General 5/</th><th>National defense 6/</th><th>Revolving funds (net) 7/</th><th>Transfers to trust accounts etc. 1/</th><th>Net deficit 8/</th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>251</td><td>225</td><td>-</td><td>2,080</td><td>3,864</td><td>2,989</td><td>680</td><td>74</td><td>121</td><td>1,784</td><td>462</td></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>313</td><td>162</td><td>-</td><td>3,116</td><td>6,012</td><td>4,914</td><td>531</td><td>496</td><td>71</td><td>2,896</td><td>350</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>343</td><td>179</td><td>-</td><td>3,800</td><td>7,010</td><td>5,905</td><td>689</td><td>345</td><td>71</td><td>3,209</td><td>574</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>387</td><td>216</td><td>-</td><td>4,116</td><td>8,666</td><td>5,941</td><td>900</td><td>11</td><td>1,814</td><td>4,550</td><td>403</td></tr><tr><td>1937</td><td>5,294</td><td>4,597</td><td>486</td><td>210</td><td>265</td><td>5,029</td><td>8,177</td><td>6,142</td><td>929</td><td>204</td><td>603</td><td>3,149</td><td>104</td></tr><tr><td>1938</td><td>6,242</td><td>5,674</td><td>359</td><td>208</td><td>387</td><td>5,855</td><td>7,239</td><td>5,869</td><td>1,029</td><td>121</td><td>220</td><td>1,334</td><td>65</td></tr><tr><td>1939</td><td>5,668</td><td>5,161</td><td>313</td><td>188</td><td>503</td><td>5,165</td><td>8,707</td><td>7,226</td><td>1,206</td><td>92</td><td>182</td><td>3,542</td><td>58</td></tr><tr><td>1940</td><td>5,925</td><td>5,303</td><td>349</td><td>273 10/</td><td>538</td><td>5,387</td><td>8,998</td><td>7,079</td><td>1,657</td><td>54</td><td>208</td><td>3,611</td><td>129</td></tr><tr><td>1941</td><td>8,269</td><td>7,362</td><td>392</td><td>515 11/</td><td>661</td><td>7,607</td><td>12,711</td><td>6,532 12/</td><td>6,080</td><td>-136 12/</td><td>235</td><td>5,103</td><td>64</td></tr><tr><td>1940-September</td><td>711</td><td>673</td><td>23</td><td>16</td><td>1</td><td>711</td><td>759</td><td>532</td><td>225</td><td>-9</td><td>10</td><td>48</td><td>2</td></tr><tr><td>October</td><td>355</td><td>319</td><td>29</td><td>17</td><td>32</td><td>333</td><td>869</td><td>577</td><td>297</td><td>-5</td><td>-</td><td>536</td><td>1</td></tr><tr><td>November</td><td>485</td><td>438</td><td>28</td><td>18</td><td>123</td><td>362</td><td>817</td><td>441</td><td>379</td><td>-23</td><td>20</td><td>455</td><td>1</td></tr><tr><td>December</td><td>741</td><td>693</td><td>30</td><td>18</td><td>1</td><td>740</td><td>1,172</td><td>702</td><td>470</td><td>*</td><td>-</td><td>432</td><td>15</td></tr><tr><td>1941-January</td><td>372</td><td>319</td><td>33</td><td>19</td><td>32</td><td>340</td><td>1,111</td><td>523</td><td>569</td><td>2</td><td>18</td><td>771</td><td>7</td></tr><tr><td>February</td><td>674</td><td>502</td><td>32</td><td>140</td><td>132</td><td>541</td><td>1,075</td><td>470</td><td>584</td><td>1</td><td>20</td><td>534</td><td>2</td></tr><tr><td>March</td><td>1,557</td><td>1,513</td><td>40</td><td>14</td><td>*</td><td>1,566</td><td>1,399</td><td>639</td><td>748</td><td>1</td><td>10</td><td>-167</td><td>2</td></tr><tr><td>April</td><td>602</td><td>362</td><td>49</td><td>191</td><td>37</td><td>565</td><td>1,315</td><td>532</td><td>763</td><td>2</td><td>18</td><td>750</td><td>1</td></tr><tr><td>May</td><td>541</td><td>483</td><td>41</td><td>17</td><td>147</td><td>394</td><td>1,141</td><td>401</td><td>837</td><td>-97</td><td>-</td><td>747</td><td>1</td></tr><tr><td>June</td><td>1,277</td><td>1,211</td><td>38</td><td>28</td><td>1</td><td>1,276</td><td>1,528</td><td>717</td><td>812</td><td>-1</td><td>-</td><td>252</td><td>17</td></tr><tr><td>July</td><td>456</td><td>400</td><td>37</td><td>19</td><td>43</td><td>413</td><td>1,598</td><td>483</td><td>960</td><td>2</td><td>153</td><td>1,185</td><td>3</td></tr><tr><td>August</td><td>554</td><td>501</td><td>35</td><td>19</td><td>157</td><td>397</td><td>1,529</td><td>402</td><td>1,124</td><td>3</td><td>*</td><td>1,133</td><td>34</td></tr><tr><td>September</td><td>1,136</td><td>1,077</td><td>36</td><td>23</td><td>1</td><td>1,135</td><td>1,874</td><td>546 13/</td><td>1,320</td><td>2</td><td>6 13/</td><td>739</td><td>8</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Excludes public debt retirements.
2/ For further details, see Table 2.
3/ For further details, see chapter on Customs Statistics.
4/ Beginning July 1940, amounts representing appropriations equal to collections of Social Security taxes under the Federal Insurance Contributions Act for old-age insurance (lease reimbursements to the General Fund of the Treasury for administrative expenses) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items are reflected under trust account receipts as net appropriations to the Federal Old Age and Survivors Insurance Trust Fund. In the above statement, similar treatment has been accorded net transfers to the Federal Old-Age and Survivors Insurance Trust Fund (formerly Old-Age Reserve Account) made during the fiscal years 1936 to 1940, in order to facilitate comparison with later periods.
5/ For further details, see Table 3.
6/ For further details, see Table 4.
7/ For further details, see Table 5. Also see footnote 4/.
8/ Total expenditures less net receipts.
9/ Represents retirements required by law chargeable to the Sinking Fund, and retirements under special provisions of law from other funds.
10/ Includes partial return of amounts paid to the Commodity Credit Corporation for the restoration of Capital impairment - $14 millions; and the repurchase by Federal savings and loan associations of the Treasury Department's investment in their shares - $10 millions.
11/ Includes recoveries of U.S. investments in capital funds as follows: Reconstruction Finance Corporation stock retired - $175 millions; Federal Home Loan Bank stock (revoid to Reconstruction Finance Corporation) - $125 millions; retirement of Treasury investment in Federal Savings and Loan Association shares - $10 millions; sale to Reconstruction Finance Corporation of bonds held by Public Works Administration - $9 millions.
12/ Receipts from capital stock and paid-in surplus reductions that are available to be released under existing law are not reflected under receipts, but rather are included as negative items under expenditures. During the fiscal year 1941, reductions in capital in this manner were as follows: Under general expenditures: Banks for cooperatives - $60 millions, and Federal land banks - $100 millions; under revolving funds: Federal Farm Mortgage Corporation - $100 millions, Federal intermediate credit banks - $10 millions, and production credit corporations - $15 millions; a total of $315 millions.
13/ Effective September 1, 1941, the expenditures for commodity food stamps of the Surplus Marketing Administration were reflected as Transfers to trust accounts, etc., rather than General, as was the practice prior to that date. Classifications have not been adjusted prior to September 1, 1941.
Table 2.- Analysis of Receipts from Internal Revenue
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Income and profit taxes 2/</th><th colspan="3">Employment taxes</th><th>Carriers' Tarring Act of 1937 (Railroad retirement)</th><th>Miscellaneous internal revenue 3/</th><th>Agricultural adjustment taxes</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th></th><th></th><th></th></tr><tr><td>1933</td><td>1,604</td><td>746</td><td>-</td><td>-</td><td>-</td><td>-</td><td>253</td><td>-</td></tr><tr><td>1934</td><td>2,641</td><td>818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,470</td><td>353</td></tr><tr><td>1935</td><td>3,278</td><td>1,099</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,657</td><td>521</td></tr><tr><td>1936</td><td>3,513</td><td>1,427</td><td>*</td><td>-</td><td>-</td><td>*</td><td>2,010</td><td>77</td></tr><tr><td>1937</td><td>4,597</td><td>2,163</td><td>253</td><td>194</td><td>58</td><td>*</td><td>2,181</td><td></td></tr><tr><td>1938</td><td>5,674</td><td>2,640</td><td>755</td><td>514</td><td>90</td><td>150</td><td>2,279</td><td>*</td></tr><tr><td>1939</td><td>5,161</td><td>2,189</td><td>740</td><td>530</td><td>101</td><td>109</td><td>2,232</td><td>-</td></tr><tr><td>1940</td><td>5,303</td><td>2,125</td><td>833</td><td>605</td><td>108</td><td>121</td><td>2,345</td><td>-</td></tr><tr><td>1941</td><td>7,362</td><td>3,470</td><td>925</td><td>691</td><td>98</td><td>137</td><td>2,967</td><td>-</td></tr><tr><td>1940-September</td><td>673</td><td>432</td><td>28</td><td>3</td><td>1</td><td>25</td><td>213</td><td>-</td></tr><tr><td>October</td><td>319</td><td>44</td><td>38</td><td>35</td><td>3</td><td>*</td><td>237</td><td>-</td></tr><tr><td>November</td><td>436</td><td>49</td><td>138</td><td>125</td><td>8</td><td>5</td><td>252</td><td>-</td></tr><tr><td>December</td><td>693</td><td>429</td><td>33</td><td>3</td><td>1</td><td>29</td><td>231</td><td>-</td></tr><tr><td>1941-January</td><td>319</td><td>63</td><td>47</td><td>34</td><td>12</td><td>1</td><td>210</td><td>-</td></tr><tr><td>February</td><td>502</td><td>104</td><td>193</td><td>134</td><td>53</td><td>5</td><td>204</td><td>-</td></tr><tr><td>March</td><td>1,513</td><td>1,208</td><td>32</td><td>3</td><td>1</td><td>23</td><td>273</td><td>-</td></tr><tr><td>April</td><td>362</td><td>75</td><td>43</td><td>39</td><td>2</td><td>1</td><td>244</td><td>-</td></tr><tr><td>May</td><td>483</td><td>63</td><td>165</td><td>150</td><td>7</td><td>8</td><td>254</td><td>-</td></tr><tr><td>June</td><td>1,211</td><td>916</td><td>30</td><td>3</td><td>1</td><td>26</td><td>265</td><td>-</td></tr><tr><td>July</td><td>400</td><td>84</td><td>48</td><td>45</td><td>2</td><td>1</td><td>268</td><td>-</td></tr><tr><td>August</td><td>501</td><td>59</td><td>173</td><td>160</td><td>7</td><td>6</td><td>269</td><td>-</td></tr><tr><td>September</td><td>1,077</td><td>780</td><td>35</td><td>3</td><td>1</td><td>31</td><td>261</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
Less than $500,000.
1/ For further details, see chapter on Internal Revenue Statistics.
2/ Includes unjust enrichment tax.
3/ For the period prior to September 1939, the data in the columns entitled Federal Insurance Contributions Act and Federal Unemployment Tax Act represent collections under Titles VIII and IX, respectively, of the Social Security Act.
4/ Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' excise taxes and estate tax.
6
Budget Receipts and Expenditures - (Continued)
Table 3.- Analysis of General Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Veterans' Administration 1/</th><th>Public Works 2/</th><th>Aid to Agriculture 3/</th><th>Grants to States under the Social Security Act 4/</th><th>Work Projects Administration and National Youth Administration 5/</th><th>Federal Emergency Relief Administration and Civil Works Administration 6/</th><th>Civilian Conservation Corps</th><th>Interest on the public debt</th><th>Other departmental 7/</th><th>Other general expenditures 8/</th></tr><tr><td>1933</td><td>2,989</td><td>763</td><td>442</td><td>102</td><td>-</td><td>-</td><td>336</td><td>14</td><td>689</td><td>357</td><td>285</td></tr><tr><td>1934</td><td>4,914</td><td>507</td><td>549</td><td>429</td><td>-</td><td>-</td><td>1,513</td><td>332</td><td>757</td><td>313</td><td>514</td></tr><tr><td>1935</td><td>5,905</td><td>557</td><td>679</td><td>930</td><td>-</td><td>-</td><td>1,811</td><td>436</td><td>821</td><td>364</td><td>287</td></tr><tr><td>1936</td><td>5,941</td><td>578</td><td>685</td><td>966</td><td>28</td><td>1,264</td><td>495</td><td>486</td><td>749</td><td>424</td><td>265</td></tr><tr><td>1937</td><td>6,442</td><td>581</td><td>803</td><td>988</td><td>167</td><td>1,896</td><td>-1</td><td>386</td><td>866</td><td>510</td><td>245</td></tr><tr><td>1938</td><td>5,869</td><td>582</td><td>670</td><td>866</td><td>271</td><td>1,472</td><td>4</td><td>326</td><td>926</td><td>481</td><td>269</td></tr><tr><td>1939</td><td>7,226</td><td>557</td><td>900</td><td>1,237</td><td>320</td><td>2,240</td><td>2</td><td>290</td><td>941</td><td>517</td><td>223</td></tr><tr><td>1940</td><td>7,079</td><td>557</td><td>890</td><td>1,564</td><td>357</td><td>1,572</td><td>1</td><td>283</td><td>1,041</td><td>549</td><td>265</td></tr><tr><td>1941</td><td>6,532</td><td>553</td><td>715</td><td>1,097 2/</td><td>415</td><td>1,421</td><td>-</td><td>257</td><td>1,111</td><td>633</td><td>330</td></tr><tr><td>1940-September</td><td>532</td><td>45</td><td>68</td><td>50</td><td>14</td><td>110</td><td>-</td><td>25</td><td>148</td><td>50</td><td>22</td></tr><tr><td>October</td><td>577</td><td>48</td><td>86</td><td>100</td><td>54</td><td>118</td><td>-</td><td>22</td><td>73</td><td>53</td><td>21</td></tr><tr><td>November</td><td>441</td><td>46</td><td>73</td><td>76</td><td>34</td><td>114</td><td>-</td><td>20</td><td>11</td><td>53</td><td>15</td></tr><tr><td>December</td><td>702</td><td>46</td><td>62</td><td>128</td><td>16</td><td>127</td><td>-</td><td>23</td><td>219</td><td>57</td><td>25</td></tr><tr><td>1941-January</td><td>523</td><td>46</td><td>51</td><td>129</td><td>51</td><td>120</td><td>-</td><td>21</td><td>25</td><td>50</td><td>30</td></tr><tr><td>February</td><td>470</td><td>45</td><td>47</td><td>118</td><td>27</td><td>116</td><td>-</td><td>18</td><td>21</td><td>51</td><td>28</td></tr><tr><td>March</td><td>639</td><td>46</td><td>49</td><td>130</td><td>33</td><td>131</td><td>-</td><td>22</td><td>150</td><td>53</td><td>22</td></tr><tr><td>April</td><td>532</td><td>46</td><td>42</td><td>95</td><td>47</td><td>121</td><td>-</td><td>21</td><td>73</td><td>52</td><td>37</td></tr><tr><td>May</td><td>401</td><td>47</td><td>47</td><td>44</td><td>32</td><td>121</td><td>-</td><td>19</td><td>12</td><td>56</td><td>23</td></tr><tr><td>June</td><td>717</td><td>45</td><td>51</td><td>52</td><td>14</td><td>110</td><td>-</td><td>20</td><td>339</td><td>52</td><td>33</td></tr><tr><td>July</td><td>483</td><td>46</td><td>60</td><td>94</td><td>57</td><td>106</td><td>-</td><td>21</td><td>25</td><td>47</td><td>27</td></tr><tr><td>August</td><td>402</td><td>46</td><td>63</td><td>66</td><td>40</td><td>82</td><td>-</td><td>19</td><td>9</td><td>56</td><td>21</td></tr><tr><td>September</td><td>546</td><td>46</td><td>61</td><td>66 10/</td><td>30</td><td>86</td><td>-</td><td>18</td><td>169</td><td>55</td><td>15</td></tr></table>
Sources: Daily Treasury Statements.
1/ Includes public works undertaken by the Veterans' Administration. Additional expenditures included in Table 5, transfers to trust account, etc., for the Adjusted Service Certificate Fund.
2/ Includes public buildings, public highways (including forest roads and trails), river and harbor work and flood control, Tennessee Valley Authority, U. S. Housing Authority, Reclamation projects and the Public Works Administration. Excludes certain expenditures for public works in connection with national defense activities by the Federal Works Agency, beginning July 1941, which are included in Table 4. Additional transactions are included under Revolving funds, Table 5.
3/ Includes expenditures of the Department of Agriculture classified in the Daily Treasury Statement as departmental. Additional transactions are included under revolving funds, Table 5.
4/ For further information, see tables on social insurance accounts in this chapter.
5/ Work Projects Administration was formerly Works Progress Administration.
6/ Includes expenditures of the Reconstruction Finance Corporation for relief through loans and grants to States, municipalities, etc.
7/ Excludes expenditures for the U. S. Maritime Commission, grants to States by the Department of Labor under the Social Security Act, and the Department of Agriculture.
8/ Includes expenditures for the following: Office of Education, Public Health Service and administrative expenses of the Social Security Board of the Federal Security Agency; refunds of taxes and duties by the Treasury Department; Post Office Department postal deficiency; and the Panama Canal.
9/ Gross expenditures have been reduced $160 millions representing the repayments of capital funds by certain governmental agencies.
10/ Prior to September 1, 1941, the expenditures for surplus commodity stamps (Surplus Marketing Administration), were reflected as expenditures under the Agricultural Adjustment Program. Effective September 1941, the expenditures are being shown as transfers to trust accounts, etc., Table 5.
Table 4.- Analysis of National Defense Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>War Department</th><th>Heavy Department</th><th>Defense aid (Lend-lease)</th><th>Total miscellaneous national defense</th><th>Defense housing (Federal Works Agency)</th><th>Federal Security Agency 2/</th><th>National defense funds for the President</th><th>Selective Service (administrative expenses)</th><th>United States Maritime Commission 3/</th><th>Other national defense expenditures</th></tr><tr><td>1933</td><td>680</td><td>302</td><td>350</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>-</td></tr><tr><td>1934</td><td>531</td><td>243</td><td>297</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-10</td><td>-</td></tr><tr><td>1935</td><td>689</td><td>273</td><td>436</td><td>-</td><td>-21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-21</td><td>-</td></tr><tr><td>1936</td><td>900</td><td>383</td><td>529</td><td>-</td><td>-12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-12</td><td>-</td></tr><tr><td>1937</td><td>929</td><td>378</td><td>557</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6</td><td>-</td></tr><tr><td>1938</td><td>1,029</td><td>432</td><td>596</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td></tr><tr><td>1939</td><td>1,206</td><td>490</td><td>673</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td></tr><tr><td>1940</td><td>1,657</td><td>667</td><td>892</td><td>-</td><td>99</td><td>-</td><td>-</td><td>-</td><td>-</td><td>99</td><td>-</td></tr><tr><td>1941</td><td>6,080</td><td>3,636</td><td>2,217</td><td>21</td><td>207</td><td>42</td><td>-</td><td>103</td><td>18</td><td>44</td><td>-</td></tr><tr><td>1940-September</td><td>225</td><td>82</td><td>135</td><td>-</td><td>7</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6</td><td>-</td></tr><tr><td>October</td><td>297</td><td>134</td><td>150</td><td>-</td><td>13</td><td>-</td><td>-</td><td>3</td><td>*</td><td>10</td><td>-</td></tr><tr><td>November</td><td>379</td><td>196</td><td>169</td><td>-</td><td>14</td><td>-</td><td>-</td><td>10</td><td>1</td><td>3</td><td>-</td></tr><tr><td>December</td><td>470</td><td>281</td><td>179</td><td>-</td><td>10</td><td>*</td><td>-</td><td>10</td><td>3</td><td>-3</td><td>-</td></tr><tr><td>1941-January</td><td>569</td><td>346</td><td>216</td><td>-</td><td>7</td><td>*</td><td>-</td><td>9</td><td>2</td><td>-4</td><td>-</td></tr><tr><td>February</td><td>584</td><td>404</td><td>172</td><td>-</td><td>8</td><td>*</td><td>-</td><td>15</td><td>2</td><td>-9</td><td>-</td></tr><tr><td>March</td><td>748</td><td>544</td><td>185</td><td>-</td><td>20</td><td>1</td><td>-</td><td>13</td><td>3</td><td>3</td><td>-</td></tr><tr><td>April</td><td>763</td><td>516</td><td>220</td><td>-</td><td>27</td><td>3</td><td>-</td><td>18</td><td>2</td><td>4</td><td>-</td></tr><tr><td>May</td><td>837</td><td>456</td><td>338</td><td>7</td><td>36</td><td>7</td><td>-</td><td>24</td><td>2</td><td>3</td><td>-</td></tr><tr><td>June</td><td>812</td><td>507</td><td>247</td><td>15</td><td>43</td><td>31</td><td>-</td><td>*</td><td>2</td><td>10</td><td>-</td></tr><tr><td>July</td><td>960</td><td>508</td><td>339</td><td>34</td><td>78</td><td>19</td><td>3</td><td>15</td><td>2</td><td>28</td><td>11</td></tr><tr><td>August</td><td>1,124</td><td>579</td><td>416</td><td>69</td><td>59</td><td>25</td><td>29</td><td>15</td><td>2</td><td>-25</td><td>13</td></tr><tr><td>September</td><td>1,320</td><td>700</td><td>377</td><td>140</td><td>102</td><td>28</td><td>16</td><td>17</td><td>2</td><td>26</td><td>13</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Additional expenditures attributable to national defense for years prior to fiscal year 1942 but payable from funds which supplemented regular appropriations of the civil establishments, are included in Table 3.
2/ Expenditures in the fiscal year 1941 from appropriations for national defense activities are included under Other general expenditures in Table 3.
3/ Includes emergency ship construction, beginning in the month of March 1941.
4/ The classifications in this column begin in July 1941; similar items for previous periods are classified under Other departmental and Other general expenditures in Table 3. Includes the Civil Aeronautics Administration and the Panama Canal.
7
Budget Receipts and Expenditures - (Continued)
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts, Etc.
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Revolving funds (est.) 1/</th><th colspan="6">Transfers to trust accounts, etc. 2/</th></tr><tr><th>Total</th><th>Aid to agriculture 1/</th><th>Public works 1/</th><th>Total</th><th>Adjusted Service Certificate Fund 5/</th><th>Railroad Retirement Account</th><th>Railroad Unemployment Insurance Administration Fund transfers to Unemployment Trust Fund 6/</th><th>Government employees' retirement funds (U. S. share)</th><th>Surplus Marketing Administration (surplus commodity stamps) 1/</th></tr><tr><td>1933</td><td>74</td><td>74</td><td>-</td><td>121</td><td>100</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1934</td><td>1496</td><td>316</td><td>1149</td><td>71</td><td>50</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1935</td><td>3145</td><td>141</td><td>204</td><td>71</td><td>50</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1936</td><td>11</td><td>-33</td><td>44</td><td>1,814</td><td>1,773</td><td>-</td><td>-</td><td>41</td><td>-</td></tr><tr><td>1937</td><td>204</td><td>-18</td><td>221</td><td>603</td><td>557</td><td>-</td><td>-</td><td>47</td><td>-</td></tr><tr><td>1938</td><td>121</td><td>-13</td><td>134</td><td>220</td><td>-</td><td>146</td><td>-</td><td>73</td><td>-</td></tr><tr><td>1939</td><td>92</td><td>-8</td><td>101</td><td>182</td><td>-</td><td>107</td><td>-</td><td>75</td><td>-</td></tr><tr><td>1940</td><td>54</td><td>-6</td><td>59</td><td>203</td><td>-</td><td>121</td><td>-</td><td>87</td><td>-</td></tr><tr><td>1941</td><td>-136</td><td>-159 5/</td><td>23</td><td>235</td><td>10</td><td>124</td><td>8</td><td>93</td><td>-</td></tr><tr><td>1940 - Sept.</td><td>-9</td><td>-11</td><td>2</td><td>10</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>-5</td><td>-11</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nov.</td><td>-23</td><td>-26</td><td>3</td><td>20</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>-</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941 - Jan.</td><td>2</td><td>-</td><td>2</td><td>18</td><td>-</td><td>10</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Feb.</td><td>1</td><td>-</td><td>1</td><td>20</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>1</td><td>-</td><td>2</td><td>10</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>2</td><td>-</td><td>2</td><td>18</td><td>10</td><td>8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May</td><td>-97</td><td>-100</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June</td><td>-1</td><td>-</td><td>-1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July</td><td>2</td><td>-</td><td>2</td><td>153</td><td>-</td><td>46</td><td>4</td><td>103</td><td>-</td></tr><tr><td>Aug.</td><td>3</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>2</td><td>-</td><td>2</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr></table>
Source: Daily Treasury Statements.
Less than $500,000.
1 Additional transactions on Aid to Agriculture and Public works are shown in Table 3.
2 Includes amounts transferred to the Federal Old-Age and Survivors Insurance Trust Fund (formerly Old-Age Reserve Account). Such amounts are shown instead in Table 2 as deductions from total budget receipts to arrive at a figure called net receipts, and are reflected under trust account receipts as net appropriations to the Federal Old-Age and Survivors Insurance Trust Fund.
3 Farm Credit Administration.
4 Public Works Administration.
5 Administered by the Veterans' Administration.
6 Act of October 10, 1940.
7 Prior to September 1941, these expenditures were reflected under Aid to Agriculture, Table 3.
8 Reflects reduction of expenditures through recoveries of investments in capital funds of Governmental agencies aggregating $155 millions.
Table 6.- Totals by Months, Beginning with 1933
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Net receipts 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1933</td><td>116</td><td>112</td><td>272</td><td>114</td><td>157</td><td>286</td><td>163</td><td>188</td><td>321</td><td>256</td><td>209</td><td>332</td><td>2,586</td></tr><tr><td>1934</td><td>211</td><td>206</td><td>420</td><td>182</td><td>237</td><td>391</td><td>218</td><td>286</td><td>449</td><td>260</td><td>247</td><td>385</td><td>3,492</td></tr><tr><td>1935</td><td>203</td><td>214</td><td>601</td><td>228</td><td>246</td><td>464</td><td>279</td><td>299</td><td>421</td><td>235</td><td>234</td><td>434</td><td>3,857</td></tr><tr><td>1936</td><td>228</td><td>218</td><td>752</td><td>231</td><td>256</td><td>529</td><td>294</td><td>343</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937</td><td>239</td><td>230</td><td>967</td><td>318</td><td>290</td><td>828</td><td>367</td><td>412</td><td>747</td><td>292</td><td>286</td><td>823</td><td>5,798</td></tr><tr><td>1938</td><td>294</td><td>308</td><td>916</td><td>262</td><td>373</td><td>774</td><td>273</td><td>449</td><td>678</td><td>300</td><td>350</td><td>672</td><td>5,650</td></tr><tr><td>1939</td><td>271</td><td>367</td><td>687</td><td>213</td><td>347</td><td>557</td><td>265</td><td>372</td><td>676</td><td>279</td><td>364</td><td>521</td><td>4,918</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>799</td><td>304</td><td>400</td><td>649</td><td>331</td><td>447</td><td>711</td><td>333</td><td>362</td><td>740</td><td>5,814</td></tr><tr><td>1941</td><td>340</td><td>541</td><td>1,566</td><td>565</td><td>394</td><td>1,276</td><td>413</td><td>397</td><td>1,135</td><td></td><td></td><td></td><td></td></tr><tr><td>Total expenditures 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1933</td><td>272</td><td>246</td><td>341</td><td>415</td><td>323</td><td>450</td><td>301</td><td>292</td><td>342</td><td>537</td><td>361</td><td>507</td><td>4,389</td></tr><tr><td>1934</td><td>695</td><td>634</td><td>573</td><td>643</td><td>484</td><td>643</td><td>611</td><td>561</td><td>544</td><td>701</td><td>559</td><td>636</td><td>7,284</td></tr><tr><td>1935</td><td>482</td><td>528</td><td>570</td><td>599</td><td>527</td><td>693</td><td>561</td><td>424</td><td>570</td><td>612</td><td>489</td><td>607</td><td>6,682</td></tr><tr><td>1936</td><td>521</td><td>480</td><td>636</td><td>631</td><td>686</td><td>2,427</td><td>656</td><td>574</td><td>676</td><td>677</td><td>564</td><td>716</td><td>9,244</td></tr><tr><td>1937</td><td>539</td><td>546</td><td>766</td><td>695</td><td>514</td><td>1,253</td><td>635</td><td>517</td><td>632</td><td>565</td><td>457</td><td>635</td><td>7,754</td></tr><tr><td>1938</td><td>492</td><td>474</td><td>705</td><td>631</td><td>566</td><td>930</td><td>725</td><td>645</td><td>718</td><td>737</td><td>646</td><td>830</td><td>8,097</td></tr><tr><td>1939</td><td>656</td><td>612</td><td>820</td><td>730</td><td>694</td><td>895</td><td>764</td><td>774</td><td>741</td><td>721</td><td>648</td><td>832</td><td>8,885</td></tr><tr><td>1940</td><td>712</td><td>666</td><td>822</td><td>783</td><td>647</td><td>867</td><td>818</td><td>706</td><td>759</td><td>869</td><td>817</td><td>1,172</td><td>9,657</td></tr><tr><td>1941</td><td>1,111</td><td>1,075</td><td>1,399</td><td>1,315</td><td>1,141</td><td>1,528</td><td>1,598</td><td>1,529</td><td>1,874</td><td></td><td></td><td></td><td></td></tr><tr><td>Net budget deficit 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1933</td><td>156</td><td>134</td><td>69</td><td>301</td><td>166</td><td>164</td><td>138</td><td>104</td><td>21</td><td>281</td><td>152</td><td>175</td><td>1,863</td></tr><tr><td>1934</td><td>454</td><td>428</td><td>153</td><td>461</td><td>247</td><td>252</td><td>393</td><td>275</td><td>95</td><td>441</td><td>312</td><td>251</td><td>3,792</td></tr><tr><td>1935</td><td>279</td><td>314</td><td>-31</td><td>371</td><td>281</td><td>230</td><td>282</td><td>125</td><td>149</td><td>397</td><td>255</td><td>173</td><td>2,825</td></tr><tr><td>1936</td><td>293</td><td>262</td><td>-116</td><td>400</td><td>430</td><td>1,898</td><td>362</td><td>231</td><td>177</td><td>405</td><td>331</td><td>199</td><td>4,672</td></tr><tr><td>1937</td><td>300</td><td>316</td><td>-200</td><td>377</td><td>224</td><td>425</td><td>268</td><td>105</td><td>-115</td><td>273</td><td>171</td><td>-188</td><td>1,956</td></tr><tr><td>1938</td><td>198</td><td>166</td><td>-212</td><td>369</td><td>193</td><td>156</td><td>451</td><td>195</td><td>40</td><td>437</td><td>296</td><td>157</td><td>2,447</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>132</td><td>517</td><td>348</td><td>339</td><td>499</td><td>402</td><td>65</td><td>442</td><td>284</td><td>311</td><td>3,957</td></tr><tr><td>1940</td><td>398</td><td>224</td><td>22</td><td>479</td><td>247</td><td>237</td><td>487</td><td>258</td><td>48</td><td>536</td><td>455</td><td>432</td><td>3,823</td></tr><tr><td>1941</td><td>771</td><td>534</td><td>-167</td><td>750</td><td>747</td><td>252</td><td>1,185</td><td>1,133</td><td>739</td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statements.
Beginning July 1940, amounts representing appropriations equal to collections of Social Security taxes under the Federal Insurance Contributions Act for old-age insurance (less rebalancements to the General Fund of the Treasury for administrative expenses) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items are reflected under trust account receipts as net appropriations to the Federal Old-Age and Survivors Insurance Trust Fund. In the above statement, similar treatment has been accorded net transfers to the Federal Old-Age and Survivors Insurance Trust Fund (formerly Old-Age Reserve Account) made during the fiscal years 1936 to 1940, in order to facilitate comparison with later period. Excludes public debt retirements. Total expenditures less net receipts.
8
BUDGET RECEIPTS AND EXPENDITURES
9
Receipts and Expenditures for Trust Accounts, Increment on Gold, Btc.
Table 1.- Trust Funds
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total trust funds, net receipts (+) or net expenditures (-)</th><th colspan="3">Federal Old-Age and Survivors Insurance Trust Fund</th><th colspan="3">Unemployment Trust Fund</th><th colspan="3">Railroad Retirement Account</th><th colspan="3">Other trust accounts 1/</th></tr><tr><th></th><th></th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th></tr><tr><td>1933</td><td>-5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>280</td><td>285</td></tr><tr><td>1934</td><td>+24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+24</td><td>233</td><td>210</td></tr><tr><td>1935</td><td>+64</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>19</td><td>-</td><td>-</td><td>-</td><td>+64</td><td>301</td><td>237</td></tr><tr><td>1936</td><td>+34</td><td>-</td><td>267</td><td>267</td><td>-</td><td>294</td><td>294</td><td>-</td><td>-</td><td>-</td><td>+34</td><td>2,053</td><td>2,020</td></tr><tr><td>1937</td><td>+19</td><td>+1</td><td>402</td><td>401</td><td>+12</td><td>763</td><td>751</td><td>+2</td><td>148</td><td>146</td><td>+20</td><td>858</td><td>838</td></tr><tr><td>1938</td><td>+11</td><td>+1</td><td>530</td><td>529</td><td>+1</td><td>838</td><td>837</td><td>+2</td><td>109</td><td>107</td><td>+24</td><td>349</td><td>325</td></tr><tr><td>1939</td><td>+29</td><td>+3</td><td>580</td><td>577</td><td>+1</td><td>959</td><td>957</td><td>+2</td><td>123</td><td>125</td><td>+35</td><td>366</td><td>331</td></tr><tr><td>1940</td><td>+37</td><td>+10</td><td>717</td><td>707</td><td>-4</td><td>1,114</td><td>1,118</td><td>+11</td><td>127</td><td>116</td><td>+55</td><td>525</td><td>469</td></tr><tr><td>1941</td><td>+73</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1940-September</td><td>-147</td><td>-151</td><td>1</td><td>151</td><td>+3</td><td>67</td><td>63</td><td>-</td><td>10</td><td>10</td><td>+1</td><td>22</td><td>21</td></tr><tr><td>October</td><td>+24</td><td>+32</td><td>32</td><td>-</td><td>-8</td><td>107</td><td>115</td><td>-10</td><td>-</td><td>10</td><td>+10</td><td>26</td><td>17</td></tr><tr><td>November</td><td>+145</td><td>+123</td><td>123</td><td>-</td><td>+1</td><td>145</td><td>144</td><td>+10</td><td>20</td><td>10</td><td>+10</td><td>17</td><td>6</td></tr><tr><td>December</td><td>-148</td><td>-155</td><td>1</td><td>156</td><td>+8</td><td>52</td><td>44</td><td>-10</td><td>-</td><td>10</td><td>+9</td><td>34</td><td>24</td></tr><tr><td>1941-January</td><td>+48</td><td>+37</td><td>32</td><td>-5</td><td>+6</td><td>78</td><td>70</td><td>-</td><td>10</td><td>10</td><td>+3</td><td>35</td><td>33</td></tr><tr><td>February</td><td>+140</td><td>+132</td><td>132</td><td>1</td><td>-7</td><td>149</td><td>156</td><td>+10</td><td>20</td><td>10</td><td>+6</td><td>32</td><td>27</td></tr><tr><td>March</td><td>-151</td><td>-166</td><td>1</td><td>167</td><td>+2</td><td>28</td><td>27</td><td>-</td><td>10</td><td>10</td><td>+13</td><td>45</td><td>31</td></tr><tr><td>April</td><td>+37</td><td>+41</td><td>37</td><td>-3</td><td>-6</td><td>69</td><td>75</td><td>-2</td><td>8</td><td>10</td><td>+4</td><td>56</td><td>51</td></tr><tr><td>May</td><td>+140</td><td>+146</td><td>146</td><td>2</td><td>-</td><td>167</td><td>167</td><td>-9</td><td>9</td><td>9</td><td>+3</td><td>42</td><td>39</td></tr><tr><td>June</td><td>-183</td><td>-186</td><td>56</td><td>241</td><td>+1</td><td>51</td><td>49</td><td>+2</td><td>2</td><td>-</td><td>-1</td><td>84</td><td>86</td></tr><tr><td>July</td><td>+48</td><td>+45</td><td>43</td><td>-3</td><td>-7</td><td>82</td><td>89</td><td>+2</td><td>46</td><td>44</td><td>+7</td><td>145</td><td>138</td></tr><tr><td>August</td><td>+165</td><td>+159</td><td>157</td><td>-2</td><td>+5</td><td>176</td><td>171</td><td>-4</td><td>-</td><td>4</td><td>+5</td><td>38</td><td>33</td></tr><tr><td>September</td><td>-196</td><td>-202</td><td>1</td><td>203</td><td>-</td><td>24</td><td>24</td><td>+1</td><td>-</td><td>-</td><td>+6</td><td>28</td><td>21</td></tr></table>
Source: Daily Treasury Statements. Less than $500,000. 1/ Includes Government insurance and retirement funds, etc.
Table 2.- Other Funds
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Transactions in checking accounts of Government agencies, etc.</th><th colspan="3">Increment on gold</th><th colspan="3">Seignorage on silver</th><th colspan="3">Miscellaneous funds and accounts 2/</th></tr><tr><th></th><th>Total all transactions</th><th>Issuance of obligations 1/</th><th>Other transactions</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th></tr><tr><td>1933</td><td>-818</td><td>3/</td><td>3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>-734</td><td>3/</td><td>3/</td><td>+811</td><td>2,811</td><td>2,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>+637</td><td>3/</td><td>3/</td><td>-111</td><td>2</td><td>113</td><td>+140</td><td>+140</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>+108</td><td>3/</td><td>3/</td><td>-403</td><td>1</td><td>404</td><td>+176</td><td>+176</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>+114</td><td>3/</td><td>3/</td><td>-99</td><td>2</td><td>101</td><td>+40</td><td>+40</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>+204</td><td>3/</td><td>3/</td><td>-51</td><td>1</td><td>52</td><td>+90</td><td>+90</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>+768</td><td>+1.100</td><td>-337</td><td>-5</td><td>-</td><td>5</td><td>+90</td><td>+90</td><td>-</td><td>+2</td><td>-</td><td>-2</td></tr><tr><td>1940</td><td>+41</td><td>+288</td><td>-246</td><td>-</td><td>-</td><td>-</td><td>+49</td><td>+49</td><td>-</td><td>+8</td><td>-</td><td>-8</td></tr><tr><td>1941</td><td>-226</td><td>+852</td><td>-1,077</td><td>-</td><td>-</td><td>-</td><td>+20</td><td>+20</td><td>-</td><td>-16</td><td>-</td><td>16</td></tr><tr><td>1940-September</td><td>-17</td><td>-2</td><td>-15</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>+4</td><td>-</td><td>-4</td></tr><tr><td>October</td><td>+49</td><td>14</td><td>-45</td><td>-</td><td>-</td><td>-</td><td>+3</td><td>+3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November</td><td>+70</td><td>+176</td><td>-106</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>+1</td><td>-</td><td>-1</td></tr><tr><td>December</td><td>-62</td><td>-29</td><td>-33</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941-January</td><td>-18</td><td>-3</td><td>-15</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>-17</td><td>-</td><td>17</td></tr><tr><td>February</td><td>-129</td><td>-1</td><td>-128</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>-15</td><td>-</td><td>15</td></tr><tr><td>March</td><td>-69</td><td>-3</td><td>-66</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>-18</td><td>-</td><td>18</td></tr><tr><td>April</td><td>+361</td><td>+629</td><td>-268</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>+3</td><td>-</td><td>-3</td></tr><tr><td>May</td><td>-411</td><td>-192</td><td>-219</td><td>-</td><td>-</td><td>-</td><td>+1</td><td>+1</td><td>-</td><td>+6</td><td>-</td><td>-6</td></tr><tr><td>June</td><td>-80</td><td>-</td><td>-80</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>+3</td><td>-</td><td>-1</td></tr><tr><td>July</td><td>+534</td><td>+569</td><td>-35</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>+15</td><td>-</td><td>-15</td></tr><tr><td>August</td><td>-169</td><td>-1</td><td>-166</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>+6</td><td>-</td><td>-</td></tr><tr><td>September</td><td>-93</td><td>-</td><td>-93</td><td>-</td><td>-</td><td>-</td><td>+2</td><td>+2</td><td>-</td><td>-</td><td>23</td><td>29</td></tr></table>
Source: Daily Treasury Statements.
1/ Net receipts in this column constitute net sales, and net expenditures constitute net redemptions of obligations.
2/ Comprises PWA revolving fund, and special deposits (net). Also includes Surplus Marketing Administration commodity stamp transactions beginning with September 1941, shown as budget expenditures under aid to agriculture in previous months.
3/ Details not available.
10
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Amount required to be financed</th><th colspan="4">Means of financing</th></tr><tr><th>Total amount required to be financed</th><th>Net budget deficit 1/</th><th>Net increase in General Fund balance</th><th>Net expenditures in trust accounts, increment on gold, etc. 2/</th><th>Total amount financed</th><th>Total increase in public debt</th><th>Net decrease in General Fund balance</th><th>Net receipts in trust accounts, increment on gold, etc. 2/</th></tr><tr><td>1933</td><td>3,052</td><td>1,784</td><td>445</td><td>823</td><td>3,052</td><td>3,052</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>4,616</td><td>2,896</td><td>1,720</td><td>-</td><td>4,616</td><td>4,514</td><td>-</td><td>101</td></tr><tr><td>1935</td><td>3,209</td><td>3,209</td><td>-</td><td>-</td><td>3,209</td><td>1,048</td><td>741</td><td>821</td></tr><tr><td>1936</td><td>5,390</td><td>4,550</td><td>840</td><td>-</td><td>5,390</td><td>5,078</td><td>-</td><td>312</td></tr><tr><td>1937</td><td>3,149</td><td>3,149</td><td>-</td><td>-</td><td>3,149</td><td>2,046</td><td>128</td><td>374</td></tr><tr><td>1938</td><td>1,384</td><td>1,384</td><td>-</td><td>-</td><td>1,384</td><td>740</td><td>338</td><td>306</td></tr><tr><td>1939</td><td>4,164</td><td>3,542</td><td>622</td><td>-</td><td>4,164</td><td>3,275</td><td>-</td><td>890</td></tr><tr><td>1940</td><td>3,611</td><td>3,611</td><td>-</td><td>-</td><td>3,611</td><td>2,528</td><td>947</td><td>136</td></tr><tr><td>1941</td><td>5,994</td><td>5,103</td><td>742</td><td>148</td><td>5,994</td><td>5,994</td><td>-</td><td>-</td></tr><tr><td>1940-September</td><td>207</td><td>48</td><td>-</td><td>158</td><td>207</td><td>168</td><td>39</td><td>-</td></tr><tr><td>October</td><td>559</td><td>536</td><td>-</td><td>24</td><td>559</td><td>64</td><td>495</td><td>-</td></tr><tr><td>November</td><td>455</td><td>455</td><td>-</td><td>-</td><td>455</td><td>136</td><td>103</td><td>216</td></tr><tr><td>December</td><td>752</td><td>432</td><td>111</td><td>209</td><td>752</td><td>752</td><td>-</td><td>-</td></tr><tr><td>1941-January</td><td>868</td><td>771</td><td>97</td><td>-</td><td>868</td><td>852</td><td>-</td><td>15</td></tr><tr><td>February</td><td>537</td><td>534</td><td>-</td><td>3</td><td>537</td><td>213</td><td>324</td><td>-</td></tr><tr><td>March</td><td>1,083</td><td>-167 3/</td><td>1,014</td><td>236</td><td>1,083</td><td>1,083</td><td>-</td><td>-</td></tr><tr><td>April</td><td>750</td><td>750</td><td>-</td><td>-</td><td>750</td><td>58</td><td>290</td><td>403</td></tr><tr><td>May</td><td>1,011</td><td>747</td><td>-</td><td>264</td><td>1,011</td><td>490</td><td>521</td><td>-</td></tr><tr><td>June</td><td>1,241</td><td>252</td><td>729</td><td>259</td><td>1,241</td><td>1,241</td><td>-</td><td>-</td></tr><tr><td>July</td><td>1,185</td><td>1,185</td><td>-</td><td>-</td><td>1,185</td><td>551</td><td>34</td><td>599</td></tr><tr><td>August</td><td>1,408</td><td>1,133</td><td>274</td><td>2</td><td>1,408</td><td>1,408</td><td>-</td><td>-</td></tr><tr><td>September</td><td>1,033</td><td>739</td><td>-</td><td>293</td><td>1,033</td><td>425</td><td>607</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
1/ Excludes public debt retirements.
2/ Compriees trust accounts, checking accounts of Government agencies, etc., increment on gold, seigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
3/ Net budget surplus.
11
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="5">Expenditures</th><th rowspan="2">Excess of expenditures</th></tr><tr><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Loss amount credited to Federal Old-Age and Survivors Insurance Trust Fund</th><th>Net receipts</th><th>Total</th><th>Administrative expenses</th><th>Total</th><th>Grants to States Old-age assistance, etc.</th><th>Unemployment compensation administration</th><th>Refunds of taxes</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28.4</td><td>.5</td><td>27.8</td><td>26.9</td><td>.9</td><td>-</td><td>28.4</td></tr><tr><td>1937</td><td>252.2</td><td>194.3</td><td>57.8</td><td>265.0</td><td>-12.8</td><td>183.1</td><td>15.8</td><td>166.9</td><td>157.8</td><td>9.1</td><td>.4</td><td>195.9</td></tr><tr><td>1938</td><td>604.4</td><td>514.4</td><td>90.1</td><td>387.0</td><td>217.4</td><td>332.1</td><td>20.0</td><td>271.5</td><td>229.5</td><td>41.9</td><td>40.5</td><td>114.7</td></tr><tr><td>1939</td><td>631.2</td><td>530.4</td><td>100.9</td><td>503.0</td><td>128.2</td><td>343.3</td><td>21.3</td><td>320.3</td><td>261.4</td><td>58.9</td><td>1.7</td><td>215.1</td></tr><tr><td>1940</td><td>712.2</td><td>604.7</td><td>107.5</td><td>537.7</td><td>174.5</td><td>384.2</td><td>25.3</td><td>356.5</td><td>298.2</td><td>58.3</td><td>2.5</td><td>209.7</td></tr><tr><td>1941</td><td>788.2</td><td>690.5</td><td>97.7</td><td>661.3</td><td>126.9</td><td>449.4</td><td>31.5</td><td>415.2</td><td>352.2</td><td>63.0</td><td>2.7</td><td>322.5</td></tr><tr><td>1940-September</td><td>3.3</td><td>2.7</td><td>.6</td><td>.5</td><td>2.8</td><td>16.8</td><td>2.7</td><td>13.9</td><td>13.4</td><td>.5</td><td>.2</td><td>14.0</td></tr><tr><td>October</td><td>37.2</td><td>34.5</td><td>2.7</td><td>32.1</td><td>5.1</td><td>56.9</td><td>2.8</td><td>53.9</td><td>38.7</td><td>15.2</td><td>.2</td><td>51.8</td></tr><tr><td>November</td><td>133.1</td><td>125.1</td><td>8.0</td><td>122.7</td><td>10.4</td><td>36.9</td><td>2.7</td><td>34.0</td><td>33.8</td><td>.2</td><td>.2</td><td>26.5</td></tr><tr><td>December</td><td>3.7</td><td>3.1</td><td>.6</td><td>.7</td><td>3.0</td><td>19.0</td><td>2.6</td><td>16.2</td><td>15.9</td><td>.3</td><td>.2</td><td>16.0</td></tr><tr><td>1941-January</td><td>46.0</td><td>33.9</td><td>12.1</td><td>31.8</td><td>14.2</td><td>53.3</td><td>2.5</td><td>50.7</td><td>37.2</td><td>13.5</td><td>.2</td><td>39.2</td></tr><tr><td>February</td><td>187.9</td><td>134.1</td><td>53.5</td><td>132.3</td><td>55.6</td><td>29.8</td><td>2.1</td><td>27.2</td><td>25.0</td><td>2.2</td><td>.2</td><td>-25.8</td></tr><tr><td>March</td><td>3.5</td><td>2.6</td><td>.9</td><td>.5</td><td>3.0</td><td>36.4</td><td>2.7</td><td>33.5</td><td>33.2</td><td>.3</td><td>.2</td><td>33.4</td></tr><tr><td>April</td><td>41.7</td><td>33.2</td><td>2.5</td><td>37.0</td><td>4.7</td><td>49.4</td><td>2.6</td><td>46.5</td><td>34.0</td><td>12.5</td><td>.3</td><td>44.7</td></tr><tr><td>May</td><td>157.1</td><td>149.7</td><td>7.4</td><td>147.5</td><td>9.6</td><td>34.9</td><td>2.6</td><td>32.0</td><td>30.5</td><td>1.5</td><td>.3</td><td>25.1</td></tr><tr><td>June</td><td>4.1</td><td>3.3</td><td>.8</td><td>1.1</td><td>3.0</td><td>16.9</td><td>2.6</td><td>14.0</td><td>12.8</td><td>1.2</td><td>.3</td><td>13.9</td></tr><tr><td>July</td><td>47.0</td><td>44.8</td><td>2.2</td><td>42.6</td><td>4.4</td><td>59.9</td><td>2.8</td><td>57.0</td><td>43.9</td><td>13.1</td><td>.2</td><td>55.5</td></tr><tr><td>August</td><td>167.0</td><td>159.5</td><td>7.5</td><td>157.3</td><td>9.7</td><td>43.1</td><td>2.6</td><td>40.1</td><td>36.2</td><td>3.9</td><td>.3</td><td>33.1</td></tr><tr><td>September</td><td>4.3</td><td>3.4</td><td>.9</td><td>1.2</td><td>3.1</td><td>33.1</td><td>2.7</td><td>30.3</td><td>26.2</td><td>4.1</td><td>.2</td><td>30.0</td></tr></table>
Source: Daily Treasury Statements.
1/ Prior to January 1, 1940, figures represent amounts transferred to the Old-Age Reserve Account. From January 1 to July 1, 1940, transfers were made to the Federal Old-Age and Survivors Insurance Trust Fund. Subsequently receipts have been deposited in the General Fund of the Treasury and appropriated directly to the Federal Old-Age and Survivors Insurance Trust Fund. Amounts shown as transfers to the Trust Fund reflect deductions made for reimbursement to the General Fund account to cover administrative expenses, which are shown as an expenditure in table below.
2/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act and amounts for administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended. Beginning July 1, 1940, includes also administrative expenses under the Wagner-Peyser Act. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue of the Treasury Department, Public Health Service, and Office of Education of the Federal Security Agency.
3/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,886.43, pursuant to authorization of August 24, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under Title IX of the Social Security Act. Other refunds are on account of Employment taxes (Title VIII) and Tax on employers of 8 or more (Title IX, Sec. 901) "Other than to States".
4/ Covered by appropriations from the General Fund of the Treasury.
5/ Revised to bring classification into agreement with accounts.
Receipts and Expenditures, Federal Old-Age and Survivors Insurance Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimburse-ment for adminis-trative expenses 1/</th><th>Total investments</th><th>Invest-ments</th><th>Unexpended To credit of Trust Fund on books of Treasury 2/</th><th>To credit of dis-bursing officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>267.3</td><td>265.0</td><td>265.0</td><td>-</td><td>2.3</td><td>-</td><td>-</td><td>-</td><td>267.3</td><td>267.1</td><td>.1</td><td>.1</td></tr><tr><td>1938</td><td>782.7</td><td>765.0</td><td>652.0</td><td>113.0</td><td>17.7</td><td>5.4</td><td>5.4</td><td>-</td><td>777.2</td><td>662.3</td><td>113.0</td><td>1.9</td></tr><tr><td>1939</td><td>1,199.6</td><td>1,155.0</td><td>1,155.0</td><td>-</td><td>44.6</td><td>19.3</td><td>19.3</td><td>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</td></tr><tr><td>1940</td><td>1,792.1</td><td>1,705.0</td><td>1,705.0</td><td>-</td><td>87.1</td><td>47.4</td><td>35.1</td><td>12.3</td><td>1,744.7</td><td>1,718.1</td><td>.5</td><td>6.1</td></tr><tr><td>1941</td><td>2,536.2</td><td>2,393.1</td><td>2,393.1</td><td>-</td><td>143.1</td><td>138.6</td><td>99.5</td><td>39.1</td><td>2,397.6</td><td>2,380.6</td><td>6.2</td><td>10.8</td></tr><tr><td>1941-July</td><td>2,582.0</td><td>2,438.0</td><td>2,438.0</td><td>-</td><td>143.1</td><td>148.3</td><td>106.9</td><td>41.3</td><td>2,432.8</td><td>2,370.6</td><td>48.9</td><td>13.1</td></tr><tr><td>August</td><td>2,740.6</td><td>2,597.5</td><td>2,597.5</td><td>-</td><td>143.1</td><td>158.4</td><td>114.8</td><td>43.5</td><td>2,582.2</td><td>2,360.6</td><td>206.2</td><td>15.4</td></tr><tr><td>September</td><td>2,744.0</td><td>2,600.8</td><td>2,600.8</td><td>-</td><td>143.2</td><td>168.6</td><td>122.9</td><td>45.7</td><td>2,575.4</td><td>2,556.0</td><td>7.1</td><td>12.3</td></tr></table>
Sources: Daily Treasury Statement
1/ Under Section 201 (f) of the Social Security Act amendments of 1939.
2/ Includes balance of General Fund appropriation not yet transferred to Trust Fund.
12
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Receipts Total</th><th colspan="4">Expenditures</th><th rowspan="2">Excess of expenditures 2/</th></tr><tr><th>Total</th><th>Administrative expense 1/</th><th>Transfers to Railroad Retirement account (Trust account)</th><th>Transfers to Railroad Unemployment Insurance Account</th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.4</td><td>1.5</td><td>1.5</td><td>-</td><td>-</td><td>1.1</td></tr><tr><td>1938</td><td>150.1</td><td>149.0</td><td>2.6</td><td>146.4</td><td>-</td><td>-1.1</td></tr><tr><td>1939</td><td>109.3</td><td>110.4</td><td>3.3</td><td>107.1</td><td>-</td><td>1.1</td></tr><tr><td>1940</td><td>125.9</td><td>128.3</td><td>7.6</td><td>120.7</td><td>-</td><td>2.4</td></tr><tr><td>1941</td><td>143.8</td><td>139.1</td><td>7.2</td><td>124.4</td><td>7.5</td><td>-4.7</td></tr><tr><td>1940-September</td><td>26.1</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>-15.6</td></tr><tr><td>October</td><td>.4</td><td>.5</td><td>.5</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>November</td><td>4.9</td><td>20.5</td><td>.5</td><td>20.0</td><td>-</td><td>15.6</td></tr><tr><td>December</td><td>30.8</td><td>.5</td><td>.5</td><td>-</td><td>-</td><td>-30.2</td></tr><tr><td>1941-January</td><td>.6</td><td>18.0</td><td>.5</td><td>10.0</td><td>7.5</td><td>17.4</td></tr><tr><td>February</td><td>5.5</td><td>20.6</td><td>.6</td><td>20.0</td><td>-</td><td>15.1</td></tr><tr><td>March</td><td>30.6</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>-20.1</td></tr><tr><td>April</td><td>1.4</td><td>9.0</td><td>.7</td><td>8.3</td><td>-</td><td>7.6</td></tr><tr><td>May</td><td>8.1</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-7.1</td></tr><tr><td>June</td><td>27.8</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-26.8</td></tr><tr><td>July</td><td>.9</td><td>51.0</td><td>.7</td><td>46.4</td><td>3.9</td><td>50.1</td></tr><tr><td>August</td><td>5.7</td><td>1.1</td><td>1.1</td><td>-</td><td>-</td><td>-4.6</td></tr><tr><td>September</td><td>32.9</td><td>.7</td><td>.7</td><td>-</td><td>-</td><td>-32.2</td></tr></table>
Sources: Daily Treasury Statements.
1/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad Retirement and Railroad Unemployment Insurance Acts.
2/ Covered by appropriations from the General Fund of the Treasury.
Receipts and Expenditures, Railroad Retirement Account (Trust Account
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Expenditures Benefit payments</th><th colspan="4">Balance</th></tr><tr><th>Total receipts</th><th colspan="2">Appropriations by Congress</th><th>Interest on investments</th><th>Total</th><th>Investments</th><th colspan="2">Unexpended</th></tr><tr><th></th><th></th><th>Total</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th></th><th></th><th>To credit of appropriations 1/</th><th>To credit of disbursing officer</th></tr><tr><td>1936</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>*</td></tr><tr><td>1937</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>-</td><td>42.6</td><td>-</td><td>36.6</td><td>6.0</td></tr><tr><td>1938</td><td>147.9</td><td>146.5</td><td>146.4</td><td>.1</td><td>1.4</td><td>79.8</td><td>68.1</td><td>66.2</td><td>.2</td><td>1.6</td></tr><tr><td>1939</td><td>268.4</td><td>264.8</td><td>253.5</td><td>11.3</td><td>3.6</td><td>185.6</td><td>82.8</td><td>67.2</td><td>13.2</td><td>2.3</td></tr><tr><td>1940</td><td>390.8</td><td>384.9</td><td>374.2</td><td>10.7</td><td>5.9</td><td>298.7</td><td>92.1</td><td>79.4</td><td>10.8</td><td>1.8</td></tr><tr><td>1941</td><td>506.9</td><td>498.5</td><td>498.5</td><td>-</td><td>8.4</td><td>419.9</td><td>87.0</td><td>74.0</td><td>2.5</td><td>10.5</td></tr><tr><td>1941-July</td><td>647.8</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.4</td><td>430.2</td><td>217.6</td><td>107.9</td><td>94.5</td><td>15.2</td></tr><tr><td>August</td><td>647.8</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.5</td><td>440.5</td><td>207.3</td><td>101.9</td><td>94.5</td><td>10.9</td></tr><tr><td>September</td><td>647.9</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.5</td><td>450.9</td><td>197.0</td><td>91.0</td><td>94.6</td><td>11.4</td></tr></table>
Source: Daily Treasury Statements.
1/ Includes balance of appropriation available for transfers subsequent to June 30, 1937. Less than $50,000.
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Deposits by States</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from Appropriations</th><th>Transfers from Railroad Unemployment Insurance Administration Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>With-drawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total investments</th><th>Investments In special deposit account</th><th>Dis-bursing account 2/</th></tr><tr><td>1936.</td><td>18.9</td><td>18.9</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>*</td></tr><tr><td>1937.</td><td>313.4</td><td>310.6</td><td>-</td><td>-</td><td>-</td><td>2.8</td><td>1.0</td><td>1.0</td><td>-</td><td>312.4</td><td>312.3</td><td>.1</td></tr><tr><td>1938.</td><td>1,076.2</td><td>1,058.2</td><td>-</td><td>-</td><td>-</td><td>18.0</td><td>192.0</td><td>192.0</td><td>-</td><td>884.2</td><td>872.0</td><td>12.2</td></tr><tr><td>1939.</td><td>1,914.3</td><td>1,869.5</td><td>-</td><td>-</td><td>-</td><td>44.8</td><td>633.8</td><td>633.8</td><td>-</td><td>1,280.5</td><td>1,257.0</td><td>13.5</td></tr><tr><td>1940.</td><td>2,871.1</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>-</td><td>82.6</td><td>1,146.3</td><td>1,116.7</td><td>14.5</td><td>1,724.3</td><td>1,710.0</td><td>13.4</td></tr><tr><td>1941.</td><td>3,981.0</td><td>3,621.4</td><td>105.6</td><td>15.0</td><td>7.5</td><td>131.5</td><td>1,597.3</td><td>1,550.0</td><td>32.3</td><td>2,283.7</td><td>2,275.0</td><td>8.0</td></tr><tr><td>1941-July.</td><td>3,962.9</td><td>3,699.3</td><td>105.6</td><td>15.0</td><td>11.4</td><td>131.5</td><td>1,626.0</td><td>1,578.3</td><td>32.7</td><td>2,336.9</td><td>2,333.0</td><td>1.7</td></tr><tr><td>August.</td><td>4,139.3</td><td>3,875.3</td><td>106.2</td><td>15.0</td><td>11.4</td><td>131.5</td><td>1,651.1</td><td>1,603.1</td><td>33.2</td><td>2,488.0</td><td>2,479.0</td><td>7.2</td></tr><tr><td>September.</td><td>4,163.1</td><td>3,882.7</td><td>122.5</td><td>15.0</td><td>11.4</td><td>131.6</td><td>1,675.6</td><td>1,626.8</td><td>33.8</td><td>2,487.5</td><td>2,479.0</td><td>6.6</td></tr></table>
Source: Daily Treasury Statements. 1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account. 2/ Railroad unemployment benefits and refunds. 3/ Less than $50,000.
13
Cash Income and Outgo of the Treasury, by Major Classifications
(in millions of dollars)
<table><tr><th></th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td>CASH INCOME Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income and profit taxes.....</td><td>432</td><td>44</td><td>49</td><td>429</td><td>63</td><td>104</td><td>1,208</td><td>75</td><td>63</td><td>916</td><td>84</td><td>59</td><td>780</td></tr><tr><td>Miscellaneous interal revenue....</td><td>213</td><td>237</td><td>252</td><td>231</td><td>210</td><td>204</td><td>273</td><td>244</td><td>254</td><td>265</td><td>268</td><td>269</td><td>261</td></tr><tr><td>Taxes under Social Security Act....</td><td>3</td><td>37</td><td>133</td><td>4</td><td>46</td><td>188</td><td>4</td><td>42</td><td>157</td><td>4</td><td>47</td><td>167</td><td>4</td></tr><tr><td>Taxes upon carriers and their employees.....</td><td>25</td><td>*</td><td>5</td><td>29</td><td>1</td><td>5</td><td>29</td><td>1</td><td>8</td><td>26</td><td>1</td><td>6</td><td>31</td></tr><tr><td>Customs.....</td><td>23</td><td>29</td><td>28</td><td>30</td><td>33</td><td>32</td><td>40</td><td>49</td><td>41</td><td>38</td><td>37</td><td>35</td><td>36</td></tr><tr><td>Other.....</td><td>16</td><td>17</td><td>18</td><td>18</td><td>19</td><td>15</td><td>14</td><td>16</td><td>18</td><td>19</td><td>19</td><td>19</td><td>23</td></tr><tr><td>Subtotal.....</td><td>711</td><td>365</td><td>485</td><td>741</td><td>372</td><td>549</td><td>1,567</td><td>427</td><td>541</td><td>1,268</td><td>456</td><td>554</td><td>1,136</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposited by States and Railroad Retirement Board).....</td><td>23</td><td>57</td><td>144</td><td>28</td><td>68</td><td>146</td><td>28</td><td>67</td><td>167</td><td>25</td><td>78</td><td>176</td><td>24</td></tr><tr><td>Trust accounts.....</td><td>22</td><td>26</td><td>17</td><td>33</td><td>35</td><td>32</td><td>45</td><td>46</td><td>42</td><td>36</td><td>42</td><td>38</td><td>452/</td></tr><tr><td>Subtotal.....</td><td>45</td><td>83</td><td>161</td><td>61</td><td>103</td><td>178</td><td>73</td><td>113</td><td>208</td><td>61</td><td>120</td><td>214</td><td>69</td></tr><tr><td>Total cash income.....</td><td>756</td><td>448</td><td>646</td><td>802</td><td>475</td><td>727</td><td>1,640</td><td>540</td><td>749</td><td>1,329</td><td>576</td><td>768</td><td>1,205</td></tr><tr><td>CASH OUTGO Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defence.....</td><td>225</td><td>297</td><td>379</td><td>470</td><td>569</td><td>584</td><td>748</td><td>763</td><td>837</td><td>812</td><td>960</td><td>1,124</td><td>1,320</td></tr><tr><td>Veterans' Administration.....</td><td>45</td><td>48</td><td>46</td><td>46</td><td>46</td><td>45</td><td>46</td><td>46</td><td>47</td><td>45</td><td>46</td><td>46</td><td>46</td></tr><tr><td>Grants to States under the Social Security Act.....</td><td>14</td><td>54</td><td>34</td><td>16</td><td>51</td><td>27</td><td>33</td><td>47</td><td>32</td><td>14</td><td>57</td><td>40</td><td>30</td></tr><tr><td>Public Works 3/.....</td><td>69</td><td>96</td><td>76</td><td>62</td><td>53</td><td>48</td><td>48</td><td>46</td><td>50</td><td>52</td><td>62</td><td>66</td><td>64</td></tr><tr><td>Agricultural aid 4/.....</td><td>40</td><td>89</td><td>51</td><td>127</td><td>129</td><td>117</td><td>130</td><td>95</td><td>-56</td><td>52</td><td>94</td><td>66</td><td>64</td></tr><tr><td>National Youth Administration.....</td><td>6</td><td>7</td><td>9</td><td>12</td><td>13</td><td>13</td><td>18</td><td>15</td><td>16</td><td>14</td><td>12</td><td>8</td><td>8</td></tr><tr><td>Work Projects Administration.....</td><td>104</td><td>111</td><td>105</td><td>115</td><td>107</td><td>103</td><td>113</td><td>106</td><td>106</td><td>96</td><td>94</td><td>75</td><td>78</td></tr><tr><td>Civilian Conservation Corps.....</td><td>25</td><td>22</td><td>20</td><td>23</td><td>21</td><td>18</td><td>22</td><td>21</td><td>19</td><td>20</td><td>21</td><td>19</td><td>18</td></tr><tr><td>Interest on the public debt.....</td><td>145</td><td>69</td><td>7</td><td>190</td><td>14</td><td>16</td><td>145</td><td>69</td><td>8</td><td>201</td><td>14</td><td>4</td><td>163</td></tr><tr><td>Other.....</td><td>73</td><td>72</td><td>66</td><td>82</td><td>79</td><td>80</td><td>80</td><td>84</td><td>78</td><td>85</td><td>74</td><td>76</td><td>69</td></tr><tr><td>Subtotal.....</td><td>746</td><td>865</td><td>793</td><td>1,143</td><td>1,082</td><td>1,050</td><td>1,384</td><td>1,293</td><td>1,137</td><td>1,391</td><td>1,433</td><td>1,524</td><td>1,860</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation.....</td><td>-18</td><td>-7</td><td>57</td><td>13</td><td>17</td><td>10</td><td>62</td><td>61</td><td>81</td><td>77</td><td>80</td><td>162</td><td>102</td></tr><tr><td>Commodity Credit Corporation.....</td><td>-1</td><td>21</td><td>24</td><td>17</td><td>12</td><td>7</td><td>37</td><td>33</td><td>57</td><td>-16</td><td>-10</td><td>33</td><td>15</td></tr><tr><td>Unemployment trust fund.....</td><td>38</td><td>34</td><td>30</td><td>31</td><td>39</td><td>41</td><td>37</td><td>33</td><td>30</td><td>31</td><td>28</td><td>25</td><td>25</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund.....</td><td>4</td><td>5</td><td>5</td><td>5</td><td>5</td><td>6</td><td>7</td><td>7</td><td>7</td><td>7</td><td>7</td><td>8</td><td>8</td></tr><tr><td>Railroad retirement account.....</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>11</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Other.....</td><td>51</td><td>36</td><td>31</td><td>28</td><td>13</td><td>28</td><td>17</td><td>37</td><td>110</td><td>45</td><td>-34</td><td>-13</td><td>25</td></tr><tr><td>Subtotal.....</td><td>84</td><td>99</td><td>157</td><td>104</td><td>95</td><td>102</td><td>170</td><td>181</td><td>296</td><td>154</td><td>81</td><td>225</td><td>185</td></tr><tr><td>Redemption of adjusted service bonds.....</td><td>2</td><td>2</td><td>2</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>3</td><td>2</td><td>1</td><td>1</td></tr><tr><td>Total cash outgo.....</td><td>832</td><td>966</td><td>952</td><td>1,248</td><td>1,179</td><td>1,153</td><td>1,555</td><td>1,475</td><td>1,434</td><td>1,548</td><td>1,516</td><td>1,750</td><td>2,046</td></tr><tr><td>EXCESS OR CASH OUTGO.....</td><td>76</td><td>518</td><td>306</td><td>446</td><td>704</td><td>426</td><td>-85</td><td>935</td><td>685</td><td>219</td><td>940</td><td>982</td><td>841</td></tr></table>
Note: The classifications of budget expenditures have been revised.
Less than $500,00
1/ These figures are not intended to reflect the budgetary position of the Government. They will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in Daily Treasury Statements and in other tables in this Bulletin. For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the text in February 1939 Bulletin.
2/ Includes receipts from the sale of commodity stamps, Surplus Marketing Administration, formerly shown as credits classified as Other in expenditures under Trust funds, etc.
3/ Comprises Public Buildings Administration, Public Road Administration, Public Works Administration, U. S. Housing Authority, River and Harbor Work and Flood Control, Tennessee Valley Authority, Forest Roads and Trails, and Reclamation projects.
4/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration, Farm Tenant Act, Rural Electrification Administration, and Department of Agriculture departmental expenditures.
Total Cash Income and Outgo, by Months
(in millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Cash income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>249</td><td>240</td><td>771</td><td>255</td><td>249</td><td>542</td><td>311</td><td>362</td><td>522</td><td>299</td><td>259</td><td>547</td><td>4,606</td></tr><tr><td>1937</td><td>303</td><td>326</td><td>1,115</td><td>421</td><td>390</td><td>925</td><td>418</td><td>541</td><td>852</td><td>189</td><td>433</td><td>930</td><td>7,063</td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</td><td>448</td><td>646</td><td>602</td><td>7,553</td></tr><tr><td>1941</td><td>475</td><td>727</td><td>1,640</td><td>540</td><td>749</td><td>1,329</td><td>576</td><td>768</td><td>1,205</td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>431</td><td>489</td><td>621</td><td>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>835</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>895</td><td>8,687</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>844</td><td>652</td><td>989</td><td>892</td><td>781</td><td>667</td><td>947</td><td>9,483</td></tr><tr><td>1940</td><td>727</td><td>679</td><td>851</td><td>793</td><td>691</td><td>886</td><td>806</td><td>870</td><td>832</td><td>966</td><td>952</td><td>1,248</td><td>10,301</td></tr><tr><td>1941</td><td>1,179</td><td>1,153</td><td>1,555</td><td>1,475</td><td>1,434</td><td>1,548</td><td>1,516</td><td>1,750</td><td>2,046</td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>331</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>11</td><td>224</td><td>151</td><td>85</td><td>474</td><td>181</td><td>138</td><td>1,695</td></tr><tr><td>1939</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>200</td><td>283</td><td>400</td><td>140</td><td>382</td><td>100</td><td>132</td><td>2,932</td></tr><tr><td>1940</td><td>329</td><td>65</td><td>-118</td><td>408</td><td>130</td><td>105</td><td>357</td><td>146</td><td>76</td><td>518</td><td>306</td><td>446</td><td>2,758</td></tr><tr><td>1941</td><td>704</td><td>426</td><td>-85</td><td>935</td><td>685</td><td>219</td><td>940</td><td>982</td><td>941</td><td></td><td></td><td></td><td></td></tr></table>
14
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
-15-
16
Assets of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Bullion, coin, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposits account of sales of Government securities</th><th>Other deposits and collections</th></tr><tr><td>1933</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td></tr><tr><td>1934</td><td>3,033</td><td>1,045</td><td>97</td><td>1,554</td><td>37</td></tr><tr><td>1935</td><td>2,016</td><td>1,044</td><td>113</td><td>799</td><td>55</td></tr><tr><td>1936</td><td>2,936</td><td>865</td><td>862</td><td>1,150</td><td>58</td></tr><tr><td>1937</td><td>2,709</td><td>1,863</td><td>141</td><td>649</td><td>55</td></tr><tr><td>1938</td><td>2,419</td><td>827</td><td>929</td><td>611</td><td>52</td></tr><tr><td>1939</td><td>3,087</td><td>1,194</td><td>1,022</td><td>776</td><td>95</td></tr><tr><td>1940</td><td>2,038</td><td>874</td><td>254</td><td>805</td><td>105</td></tr><tr><td>1941</td><td>2,812</td><td>984</td><td>1,024</td><td>661</td><td>143</td></tr><tr><td>1940-September</td><td>2,566</td><td>985</td><td>759</td><td>715</td><td>106</td></tr><tr><td>October</td><td>2,101</td><td>886</td><td>391</td><td>713</td><td>111</td></tr><tr><td>November</td><td>1,976</td><td>886</td><td>268</td><td>705</td><td>116</td></tr><tr><td>December</td><td>2,110</td><td>913</td><td>405</td><td>675</td><td>117</td></tr><tr><td>1941-January</td><td>2,203</td><td>895</td><td>702</td><td>479</td><td>127</td></tr><tr><td>February</td><td>1,873</td><td>893</td><td>385</td><td>477</td><td>118</td></tr><tr><td>March</td><td>2,885</td><td>944</td><td>1,245</td><td>566</td><td>130</td></tr><tr><td>April</td><td>2,599</td><td>932</td><td>910</td><td>550</td><td>147</td></tr><tr><td>May</td><td>2,079</td><td>926</td><td>470</td><td>543</td><td>141</td></tr><tr><td>June</td><td>2,812</td><td>984</td><td>1,024</td><td>661</td><td>143</td></tr><tr><td>July</td><td>2,807</td><td>1,041</td><td>934</td><td>680</td><td>151</td></tr><tr><td>August</td><td>3,057</td><td>1,086</td><td>995</td><td>833</td><td>143</td></tr><tr><td>September</td><td>2,461</td><td>991</td><td>526</td><td>797</td><td>147</td></tr></table>
Source: Daily Treasury Statements.
Balance in the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total assets</th><th>Total liabilities</th><th>Balance in the General Fund</th><th colspan="3">Analysis of balance in the General Fund</th></tr><tr><th></th><th></th><th></th><th></th><th>Working balance</th><th>Seigniorage on silver</th><th>Increment on gold</th></tr><tr><td>1933</td><td>1,103</td><td>240</td><td>862</td><td>862</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>3,033</td><td>452</td><td>2,582</td><td>1,771</td><td>-</td><td>811</td></tr><tr><td>1935</td><td>2,016</td><td>175</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td></tr><tr><td>1936</td><td>2,936</td><td>254</td><td>2,682</td><td>2,069 r</td><td>316</td><td>297 r</td></tr><tr><td>1937</td><td>2,709</td><td>156</td><td>2,553</td><td>2,000 r</td><td>356</td><td>198 r</td></tr><tr><td>1938</td><td>2,419</td><td>203</td><td>2,216</td><td>1,622 r</td><td>446</td><td>147 r</td></tr><tr><td>1939</td><td>3,087</td><td>248</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td></tr><tr><td>1940</td><td>2,038</td><td>147</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td></tr><tr><td>1941</td><td>2,812</td><td>179</td><td>2,633</td><td>1,885</td><td>605</td><td>143</td></tr><tr><td>1940-September</td><td>2,566</td><td>151</td><td>2,415</td><td>1,680</td><td>592</td><td>143</td></tr><tr><td>October</td><td>2,101</td><td>181</td><td>1,920</td><td>1,183</td><td>595</td><td>143</td></tr><tr><td>November</td><td>1,976</td><td>159</td><td>1,817</td><td>1,078</td><td>596</td><td>143</td></tr><tr><td>December</td><td>2,110</td><td>161</td><td>1,928</td><td>1,188</td><td>597</td><td>143</td></tr><tr><td>1941-January</td><td>2,203</td><td>178</td><td>2,025</td><td>1,283</td><td>599</td><td>143</td></tr><tr><td>February</td><td>1,873</td><td>172</td><td>1,701</td><td>957</td><td>601</td><td>143</td></tr><tr><td>March</td><td>2,885</td><td>170</td><td>2,715</td><td>1,970</td><td>602</td><td>143</td></tr><tr><td>April</td><td>2,599</td><td>173</td><td>2,425</td><td>1,679</td><td>603</td><td>143</td></tr><tr><td>May</td><td>2,079</td><td>175</td><td>1,904</td><td>1,157</td><td>604</td><td>143</td></tr><tr><td>June</td><td>2,812</td><td>179</td><td>2,633</td><td>1,885</td><td>605</td><td>143</td></tr><tr><td>July</td><td>2,807</td><td>208</td><td>2,599</td><td>1,848</td><td>607</td><td>143</td></tr><tr><td>August</td><td>3,057</td><td>185</td><td>2,873</td><td>2,120</td><td>610</td><td>143</td></tr><tr><td>September</td><td>2,461</td><td>195</td><td>2,266</td><td>1,511</td><td>611</td><td>143</td></tr></table>
Source: Daily Treasury Statements.
Revised. In the fiscal years 1935 and 1936, $91 millions and $554 millions, respectively, were transferred from increment on gold to the working balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes are reflected directly against increment on gold in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance.
17
Analysis of Change in Balance of General Fund of the Treasury
[In millions of dollars - Net increase or net decrease (-)]
<table><tr><th>Change during fiscal year or month</th><th>Total change in General Fund balance</th><th colspan="6">Working balance</th><th>Seignorage on silver</th><th>Increment on gold 5/</th></tr><tr><th></th><th></th><th>Total working balance</th><th>General and special accounts 1/</th><th>Public debt accounts 2/</th><th>Trust accounts 3/</th><th>Miscellaneous funds and accounts 4/</th><th>Checking accounts of Government agencies, etc.</th><th></th><th></th></tr><tr><td>1933</td><td>445</td><td>445</td><td>-1,784</td><td>3,052</td><td>-5</td><td>-</td><td>-818</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>1,720</td><td>908</td><td>-2,896</td><td>4,514</td><td>24</td><td>-</td><td>-734</td><td>-</td><td>811</td></tr><tr><td>1935</td><td>-741</td><td>-769 6/</td><td>-3,209</td><td>1,739 1/</td><td>64</td><td>-</td><td>637</td><td>140</td><td>-111 6/</td></tr><tr><td>1936</td><td>840</td><td>1,067 6/</td><td>-4,550</td><td>5,475 1/</td><td>34</td><td>-</td><td>108</td><td>176</td><td>-403 6/</td></tr><tr><td>1937</td><td>-128</td><td>-70</td><td>-3,149</td><td>2,746 1/</td><td>19</td><td>-</td><td>314</td><td>40</td><td>-99</td></tr><tr><td>1938</td><td>-338</td><td>-377</td><td>-1,384</td><td>792 1/</td><td>11</td><td>-</td><td>204</td><td>90</td><td>-51</td></tr><tr><td>1939</td><td>622</td><td>537</td><td>-3,542</td><td>3,280 1/</td><td>29</td><td>2</td><td>768</td><td>90</td><td>-5</td></tr><tr><td>1940</td><td>-947</td><td>-997</td><td>-3,611</td><td>2,528</td><td>37</td><td>8</td><td>41</td><td>49</td><td>-</td></tr><tr><td>1941</td><td>742</td><td>722</td><td>-5,103</td><td>5,994</td><td>73</td><td>-16</td><td>-226</td><td>20</td><td>-</td></tr><tr><td>1940-September</td><td>-39</td><td>-40</td><td>-48</td><td>168</td><td>-147</td><td>4</td><td>-17</td><td>1</td><td>-</td></tr><tr><td>October</td><td>-495</td><td>-498</td><td>-536</td><td>64</td><td>24</td><td>-</td><td>-49</td><td>3</td><td>-</td></tr><tr><td>November</td><td>-103</td><td>-105</td><td>-455</td><td>136</td><td>145</td><td>1</td><td>70</td><td>1</td><td>-</td></tr><tr><td>December</td><td>111</td><td>109</td><td>-432</td><td>752</td><td>-148</td><td>-</td><td>-62</td><td>2</td><td>-</td></tr><tr><td>1941-January</td><td>97</td><td>94</td><td>-771</td><td>852</td><td>48</td><td>-17</td><td>-13</td><td>2</td><td>-</td></tr><tr><td>February</td><td>-324</td><td>-325</td><td>-534</td><td>213</td><td>140</td><td>-15</td><td>-129</td><td>1</td><td>-</td></tr><tr><td>March</td><td>1,014</td><td>1,013</td><td>167</td><td>1,083</td><td>-151</td><td>-18</td><td>-69</td><td>1</td><td>-</td></tr><tr><td>April</td><td>-290</td><td>-291</td><td>-750</td><td>58</td><td>37</td><td>3</td><td>361</td><td>1</td><td>-</td></tr><tr><td>May</td><td>-521</td><td>-522</td><td>-747</td><td>490</td><td>140</td><td>6</td><td>-411</td><td>1</td><td>-</td></tr><tr><td>June</td><td>729</td><td>727</td><td>-252</td><td>1,241</td><td>-183</td><td>3</td><td>-80</td><td>2</td><td>-</td></tr><tr><td>July</td><td>-34</td><td>-36</td><td>-1,185</td><td>551</td><td>48</td><td>15</td><td>534</td><td>2</td><td>-</td></tr><tr><td>August</td><td>274</td><td>272</td><td>-1,133</td><td>1,408</td><td>165</td><td>-</td><td>-169</td><td>2</td><td>-</td></tr><tr><td>September</td><td>-607</td><td>-609</td><td>-739</td><td>425</td><td>-196</td><td>-6</td><td>-93</td><td>2</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ This is the net budget deficit. Excludes expenditures for retirement of public debt.
2/ This represents the increase in the gross public debt, except as noted. (See footnote 7.)
3/ Includes Federal Old-Age and Survivors Insurance Trust Fund, Unemployment Trust Fund, Railroad Retirement Account, Government insurance and retirement funds and other trust funds.
4/ Comprises Public Works Administration revolving fund and special deposits (cet). Also includes Surplus Marketing Administration commodity stamp transactions beginning with September 1941.
5/ Includes expenditures for retirement of national bank notes.
6/ In the fiscal years 1935 and 1936, $91 millions and $55$ millions were transferred from increment on gold to the working balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes are reflected directly against increment on gold, in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance general and special accounts for the purposes of this table.
7/ Expenditures for the retirement of national bank notes from increment on gold for the fiscal years 1935 to 1939 (as shown below) are not reflected herein, but are reflected under increment on gold as follows: 1935 - $91 millions, 1936 - $397 millions, 1937 - $99 millions, 1938 - $51 millions, and 1939 - $5 millions, total - $645 millions. The increases in the public debt shown in the table Means of Financing Cash Requirements for the above fiscal years will not agree for the reason stated above.
PUBLIC DEBT OF THE UNITED STATES (Excluding data on ownership)
—18—
19
Statement of the Outstanding Public Debt on June 30, 1941 and September 30, 1941
(In millions of dollars)
<table><tr><th></th><th>June 30, 1941</th><th>Sept. 30, 1941</th><th>Change</th><th></th><th>June 30, 1941</th><th>Sept. 30, 1941</th><th>Change</th></tr><tr><td>Interest-bearing public debt</td><td></td><td></td><td></td><td>Interest-bearing public debt (continued)</td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td>Special issues:</td><td></td><td></td><td></td></tr><tr><td>Marketable issues</td><td></td><td></td><td></td><td>Adjusted Service Certificate Fund</td><td>19</td><td>19</td><td>-</td></tr><tr><td>Treasury bonds</td><td>30,215</td><td>30,169</td><td>-47</td><td>Federal Deposit Insurance Corporation</td><td>90</td><td>120</td><td>+30</td></tr><tr><td>Treasury notes</td><td>5,698</td><td>5,698</td><td>-</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>2,381</td><td>2,556</td><td>+175</td></tr><tr><td>Treasury bills</td><td>1,603</td><td>1,305</td><td>-298</td><td>Federal Savings and Loan Insurance Corporation</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Postal savings and pre-war bonds</td><td>196</td><td>196</td><td>-</td><td>Government Life Insurance Fund</td><td>531</td><td>537</td><td>+7</td></tr><tr><td>Total marketable issues</td><td>37,713</td><td>37,368</td><td>-345</td><td>Government Retirement Funds</td><td>656</td><td>757</td><td>+100</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td>National Service Life Insurance Fund</td><td>3</td><td>6</td><td>+3</td></tr><tr><td>U. S. savings bonds</td><td>4,314</td><td>5,132</td><td>+818</td><td>Postal Savings System</td><td>83</td><td>88</td><td>-</td></tr><tr><td>Treasury notes - tax series</td><td>-</td><td>1,343</td><td>+1,343</td><td>Railroad Retirement Account</td><td>74</td><td>91</td><td>+17</td></tr><tr><td>Adjusted service bonds</td><td>241</td><td>236</td><td>-4</td><td>Unemployment Trust Fund</td><td>2,273</td><td>2,479</td><td>+206</td></tr><tr><td>Depositary bonds</td><td>-</td><td>54</td><td>+54</td><td>Total special issues</td><td>6,120</td><td>6,658</td><td>+538</td></tr><tr><td>Total non-marketable issues</td><td>4,555</td><td>6,765</td><td>+2,210</td><td>Total interest-bearing public debt</td><td>48,387</td><td>50,791</td><td>+2,403</td></tr><tr><td>Total public issues</td><td>42,267</td><td>44,133</td><td>+1,865</td><td>Matured debt on which interest has ceased</td><td>205</td><td>190</td><td>-15</td></tr><tr><td></td><td></td><td></td><td></td><td>Debt bearing no interest</td><td>369</td><td>365</td><td>-4</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt</td><td>48,961</td><td>51,346</td><td>+2,385</td></tr></table>
Source: Daily Treasury Statements.
Composition of the Public Debt
(in millions of dollars)
<table><tr><th rowspan="3">End of fiscal year or month</th><th colspan="9">Gross public debt</th><th rowspan="3">Matured debt</th><th rowspan="3">Debt bearing no interest</th></tr><tr><th rowspan="2">Total</th><th colspan="6">Interest-bearing public debt</th><th colspan="2">Special issues</th></tr><tr><th>Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and certificates of indebtedness</th><th>Amount</th><th>% of total interest-bearing debt</th></tr><tr><th></th><th></th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td></tr><tr><td>1935</td><td>28,701</td><td>27,645</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>633</td><td>2.3</td><td>231</td><td>825</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,303</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</td><td>141</td><td>447</td></tr><tr><td>1939</td><td>40,440</td><td>39,886</td><td>27,566</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td></tr><tr><td>1940</td><td>42,968</td><td>42,376</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>385</td></tr><tr><td>1941</td><td>48,961</td><td>48,387</td><td>34,966</td><td>72.3</td><td>5,698</td><td>11.8</td><td>1,603</td><td>3.3</td><td>6,120</td><td>12.6</td><td>205</td><td>369</td></tr><tr><td>1940-September</td><td>44,073</td><td>43,480</td><td>30,730</td><td>70.7</td><td>6,384</td><td>14.7</td><td>1,303</td><td>3.0</td><td>5,063</td><td>11.6</td><td>212</td><td>381</td></tr><tr><td>October</td><td>44,137</td><td>43,560</td><td>31,493</td><td>72.3</td><td>5,660</td><td>13.0</td><td>1,307</td><td>3.0</td><td>5,101</td><td>11.7</td><td>197</td><td>380</td></tr><tr><td>November</td><td>44,273</td><td>43,707</td><td>31,530</td><td>72.1</td><td>5,660</td><td>12.9</td><td>1,308</td><td>3.0</td><td>5,209</td><td>11.9</td><td>187</td><td>379</td></tr><tr><td>December</td><td>45,025</td><td>44,458</td><td>31,601</td><td>71.1</td><td>6,178</td><td>13.9</td><td>1,310</td><td>2.9</td><td>5,370</td><td>12.1</td><td>189</td><td>377</td></tr><tr><td>1941-January</td><td>45,877</td><td>45,320</td><td>31,775</td><td>70.1</td><td>6,813</td><td>15.0</td><td>1,307</td><td>2.9</td><td>5,426</td><td>12.0</td><td>181</td><td>376</td></tr><tr><td>February</td><td>46,090</td><td>45,535</td><td>31,883</td><td>70.0</td><td>6,813</td><td>15.0</td><td>1,306</td><td>2.9</td><td>5,534</td><td>12.1</td><td>180</td><td>374</td></tr><tr><td>March</td><td>47,173</td><td>46,581</td><td>33,572</td><td>72.1</td><td>5,722</td><td>12.3</td><td>1,604</td><td>3.4</td><td>5,683</td><td>12.2</td><td>220</td><td>372</td></tr><tr><td>April</td><td>47,231</td><td>46,673</td><td>33,642</td><td>72.1</td><td>5,721</td><td>12.3</td><td>1,603</td><td>3.4</td><td>5,707</td><td>12.2</td><td>186</td><td>372</td></tr><tr><td>May</td><td>47,721</td><td>47,160</td><td>34,002</td><td>72.1</td><td>5,721</td><td>12.1</td><td>1,603</td><td>3.4</td><td>5,834</td><td>12.4</td><td>190</td><td>370</td></tr><tr><td>June</td><td>48,961</td><td>48,387</td><td>34,966</td><td>72.3</td><td>5,698</td><td>11.8</td><td>1,603</td><td>3.3</td><td>6,120</td><td>12.6</td><td>205</td><td>369</td></tr><tr><td>July</td><td>49,513</td><td>48,965</td><td>35,340</td><td>72.2</td><td>5,698</td><td>11.6</td><td>1,603</td><td>3.3</td><td>6,324</td><td>12.9</td><td>180</td><td>368</td></tr><tr><td>August</td><td>50,921</td><td>50,371</td><td>35,561</td><td>70.6</td><td>6,736</td><td>13.4</td><td>1,604</td><td>3.2</td><td>6,470</td><td>12.8</td><td>184</td><td>367</td></tr><tr><td>September</td><td>51,346</td><td>50,791</td><td>35,786</td><td>70.5</td><td>7,041</td><td>13.9</td><td>1,305</td><td>2.6</td><td>6,658</td><td>13.0</td><td>190</td><td>365</td></tr></table>
Source: Daily Treasury Statements.
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT
21
Maturity Schedule of United States Government Interest-Bearing Marketable Securities Outstanding
As of September 30, 1941
(Amount in millions of dollars) 2/
<table><tr><th colspan="4">Classified by year in which issues are first callable 3/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>1,305</td><td></td><td></td><td>Bills</td><td>1,305</td><td></td><td></td></tr><tr><td>1-1/4% Notes C - 12/15/41</td><td>204</td><td></td><td></td><td>1-1/4% Notes C - 12/15/41</td><td>204</td><td></td><td></td></tr><tr><td>Total</td><td>1,509</td><td>-</td><td>1,509</td><td>Total</td><td>1,509</td><td>-</td><td>1,509</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>1-3/4% Notes A - 3/15/42</td><td>426</td><td></td><td></td><td>1-3/4% Notes A - 3/15/42</td><td>426</td><td></td><td></td></tr><tr><td>2% Notes B - 9/15/42</td><td>342</td><td></td><td></td><td>2% Notes B - 9/15/42</td><td>342</td><td></td><td></td></tr><tr><td>1-3/4% Notes C - 12/15/42</td><td>232</td><td></td><td></td><td>1-3/4% Notes C - 12/15/42</td><td>232</td><td></td><td></td></tr><tr><td>Total</td><td>1,000</td><td>-</td><td>2,509</td><td>Total</td><td>1,000</td><td>-</td><td>2,509</td></tr><tr><td>1943</td><td></td><td></td><td></td><td>1943</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes D - 3/15/43</td><td>66</td><td></td><td></td><td>3/4% Notes D - 3/15/43</td><td>66</td><td></td><td></td></tr><tr><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td>454</td><td></td><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td></tr><tr><td>3-3/8% Bonds - 6/15/43-47</td><td>279</td><td></td><td></td><td>1% Notes O - 9/15/43</td><td>279</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/43</td><td></td><td></td><td></td><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 10/15/43-45</td><td>421</td><td>1,401</td><td></td><td>Total</td><td>1,395</td><td>-</td><td>3,904</td></tr><tr><td>1-1/8% Notes B - 12/15/43</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>1,395</td><td>1,855</td><td>5,759</td><td></td><td></td><td></td><td></td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1% Notes B - 3/15/44</td><td>515</td><td></td><td></td><td>1% Notes B - 3/15/44</td><td>515</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 6/15/44-46</td><td></td><td>1,519</td><td></td><td>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td></tr><tr><td>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td><td>3/4% Notes D (Nat. Defense</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes D (Nat. Defense</td><td></td><td></td><td></td><td>Hories) - 9/15/44</td><td>635</td><td></td><td></td></tr><tr><td>Hories) - 9/15/44</td><td>635</td><td></td><td></td><td>Total</td><td>1,849</td><td>-</td><td>5,753</td></tr><tr><td>1% Bonds - 12/15/44-54</td><td></td><td>1,037</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>1,849</td><td>2,556</td><td>10,164</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes A - 3/15/45</td><td>718</td><td></td><td></td><td>3/4% Notes A - 3/15/45</td><td>718</td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 9/15/45-47</td><td></td><td>1,214</td><td></td><td>3-1/4% Bonds - 10/15/45-45</td><td></td><td>1,401</td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td></td><td></td><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td></td><td></td></tr><tr><td>3/4% Notes B (Nat. Defense</td><td></td><td></td><td></td><td>3/4% Notes B (Nat. Defense</td><td></td><td></td><td></td></tr><tr><td>Hories) - 12/15/45</td><td>531</td><td></td><td></td><td>Hories) - 12/15/45</td><td>531</td><td></td><td></td></tr><tr><td>Total</td><td>1,790</td><td>1,214</td><td>13,168</td><td>Total</td><td>1,790</td><td>1,401</td><td>8,944</td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td>3% Conversion</td><td></td><td></td><td></td><td>3% Conversion</td><td></td><td></td><td></td></tr><tr><td>bonds - 1/1/46</td><td>16</td><td></td><td></td><td>bonds - 1/1/46</td><td>16</td><td></td><td></td></tr><tr><td>3-3/4% Bonds - 3/15/46-56</td><td></td><td>489</td><td></td><td>3-1/4% Bonds - 4/15/46-46</td><td></td><td>1,519</td><td></td></tr><tr><td>3% Bonds - 6/15/46-48</td><td></td><td>1,036</td><td></td><td>Total</td><td>16</td><td>1,519</td><td>10,479</td></tr><tr><td>3-1/8% Bonds - 6/15/46-49</td><td></td><td>819</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>15,528</td><td></td><td></td><td></td><td></td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td>3% Conversion</td><td></td><td></td><td></td><td>3% Conversion</td><td></td><td></td><td></td></tr><tr><td>bonds - 1/1/47</td><td>13</td><td></td><td></td><td>bonds - 1/1/47</td><td>13</td><td></td><td></td></tr><tr><td>4-1/4% Bonds - 10/15/47-52</td><td></td><td>759</td><td></td><td>3-3/8% Bonds - 6/15/47-47</td><td></td><td>454</td><td></td></tr><tr><td>2% Bonds - 12/15/47</td><td>701</td><td></td><td></td><td>2-3/4% Bonds - 9/15/47-47</td><td></td><td>1,214</td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>17,001</td><td>2% Bonds - 12/15/47</td><td>701</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>714</td><td>1,668</td><td>12,861</td></tr><tr><td>1948</td><td></td><td></td><td></td><td>1948</td><td></td><td></td><td></td></tr><tr><td>2% Bonds - 3/15/48-50</td><td></td><td>1,115</td><td></td><td>3% Bonds - 6/15/48-48</td><td></td><td>1,036</td><td></td></tr><tr><td>2-3/4% Bonds - 3/15/48-51</td><td></td><td>1,223</td><td></td><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td></td><td></td><td>Total</td><td>451</td><td>1,036</td><td>14,348</td></tr><tr><td>2% Bonds - 12/15/48-50</td><td></td><td>571</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>451</td><td>2,909</td><td>20,361</td><td></td><td></td><td></td><td></td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/49-53</td><td></td><td>1,786</td><td></td><td>3-1/8% Bonds - 6/15/49-49</td><td></td><td>819</td><td></td></tr><tr><td>3-1/8% Bonds - 12/15/49-52</td><td></td><td>491</td><td></td><td>Total</td><td>-</td><td>819</td><td>15,167</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>22,638</td><td></td><td></td><td></td><td></td></tr><tr><td>1950</td><td></td><td></td><td></td><td>1950</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/50-52</td><td></td><td>1,186</td><td></td><td>2% Bonds - 3/15/48-50</td><td></td><td>1,115</td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>23,824</td><td>2% Bonds - 12/15/48-50</td><td></td><td>571</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,686</td><td>16,853</td></tr></table>
(Continued on following page)
22
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding/ As of September 30, 1941 - (Continued)
(Amount in millions of dollars) 2/
<table><tr><th colspan="4">Classified by year in which issues are first callable 3/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1951<br>2-3/4% Bonds - 6/15/51-54....<br>3% Bonds - 9/15/51-55....<br>2-1/4% Bonds - 12/15/51-53....<br>Total</td><td>-</td><td>1,627<br>755<br>1,118<br>3,500</td><td>27,324</td><td>1951<br>2-3/4% Bonds - 3/15/43-51....<br>Total</td><td>-</td><td>1,223<br>1,223</td><td>18,076</td></tr><tr><td>1952<br>2-1/2% Bonds - 3/15/52-54....<br>Total</td><td>-</td><td>1,024<br>1,024</td><td>28,348</td><td>1952<br>2-1/2% Bonds - 9/15/50-52....<br>4-1/4% Bonds - 10/15/47-52....<br>3-1/2% Bonds - 12/15/49-52....<br>Total</td><td>-</td><td>1,186<br>759<br>491<br>2,436</td><td>20,512</td></tr><tr><td>1953<br>2% Bonds - 6/15/53-55....<br>Total</td><td>-</td><td>725<br>725</td><td>29,073</td><td>1953<br>2-1/4% Bonds - 12/15/51-53....<br>2-1/2% Bonds - 12/15/49-53....<br>Total</td><td>-</td><td>1,118<br>1,786<br>2,904</td><td>23,416</td></tr><tr><td>1954<br>2-1/4% Bonds - 6/15/54-56....<br>Total</td><td>-</td><td>681<br>681</td><td>29,754</td><td>1954<br>2-1/2% Bonds - 3/15/52-54....<br>2-3/4% Bonds - 6/15/51-54....<br>4% Bonds - 12/15/44-54....<br>Total</td><td>-</td><td>1,924<br>1,627<br>1,037<br>3,688</td><td>27,104</td></tr><tr><td>1955<br>2-7/8% Bonds - 3/15/55-60....<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>32,365</td><td>1955<br>2% Bonds - 6/15/53-55....<br>3% Bonds - 9/15/51-55....<br>Total</td><td>-</td><td>725<br>755<br>1,480</td><td>28,584</td></tr><tr><td>1956<br>2-1/2% Bonds - 3/15/56-58....<br>2-3/4% Bonds - 9/15/56-59....<br>Total</td><td>-</td><td>1,449<br>982<br>2,431</td><td>34,796</td><td>1956<br>3-3/4% Bonds - 3/15/46-56....<br>2-1/4% Bonds - 6/15/54-56....<br>Total</td><td>-</td><td>489<br>681<br>1,170</td><td>29,754</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>34,796</td><td>1957</td><td>-</td><td>-</td><td>29,754</td></tr><tr><td>1958<br>2-3/4% Bonds - 6/15/58-63....<br>Total</td><td>-</td><td>919<br>919</td><td>35,715</td><td>1958<br>2-1/2% Bonds - 3/15/56-58....<br>Total</td><td>-</td><td>1,449<br>1,449</td><td>31,203</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>35,715</td><td>1959<br>2-3/4% Bonds - 9/15/56-59....<br>Total</td><td>-</td><td>982<br>982</td><td>32,185</td></tr><tr><td>1960<br>2-3/4% Bonds - 12/15/60-65....<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>37,200</td><td>1960<br>2-7/8% Bonds - 3/15/55-60....<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>34,796</td></tr><tr><td>1961<br>3% Panama Canal bonds - 6/1/61....<br>Total</td><td>-</td><td>50<br>50</td><td>37,250</td><td>1961<br>3% Panama Canal bonds - 6/1/61....<br>Total</td><td>-</td><td>50<br>50</td><td>34,846</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>37,250</td><td>1962</td><td>-</td><td>-</td><td>34,846</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>37,250</td><td>1963<br>2-3/4% Bonds - 6/15/58-63....<br>Total</td><td>-</td><td>919<br>919</td><td>35,765</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>37,250</td><td>1964</td><td>-</td><td>-</td><td>35,765</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>37,250</td><td>1965<br>2-3/4% Bonds - 12/15/50-65....<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>37,250</td></tr></table>
Source: Daily Treasury Statement. 1/ Excludes postal savings bonds. 2/ Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures. 3/ Fixed-maturity issues are classified by year in which due.
23
Statement Showing Details of Major Financing Operations of the Treasury Since January 1, 1938
(In millions of dollars)
<table><tr><th rowspan="2">Date of issue</th><th rowspan="2">Rate per cent</th><th rowspan="2">Term</th><th rowspan="2">Call and maturity dates</th><th colspan="2">Amount leued</th><th rowspan="2">Amount of cash subscrip-tions tendered</th><th rowspan="2">For cash</th><th colspan="5">New securities allotted</th></tr><tr><th>Treasury bonde</th><th>Treasury notes and certif- icatee</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Amount of exchanges Treasury bonds</th><th>Treasury notes and certif- icatees</th><th>Date of issue</th><th>Rate per ceot</th><th>Call or maturity date</th></tr><tr><td>1933-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 yeare</td><td>June 15, 1952 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>591</td><td>-</td><td>5,732</td><td>403</td><td>-</td><td>188</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>2</td><td>9 years</td><td>Dec. 15, 1947</td><td>701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>701</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>-</td><td>39</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>894</td><td>-</td><td>-</td><td>-</td><td>-</td><td>894</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 2/15/38)</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>319</td><td>-</td><td>-</td><td>-</td><td>-</td><td>319</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 12/15/38)</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>-</td><td>53</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>June 15.</td><td>3/4</td><td>5 years</td><td>June 15, 1944</td><td>-</td><td>416</td><td>-</td><td>-</td><td>-</td><td>416</td><td>June 15, 1937</td><td>1-3/8</td><td>Sept.15, 1939</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 41/2 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>[6,264 501/ 1001/</td><td>521 501/ 1001/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,018</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>Dec. 22.</td><td>1</td><td>4 years 9 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>283</td><td>-</td><td>-</td><td>-</td><td>283</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>1940-Mar. 15.</td><td>3/4</td><td>5 years</td><td>Mar. 15, 1945</td><td>-</td><td>718</td><td>-</td><td>-</td><td>-</td><td>718</td><td>June 15, 1935</td><td>1-1/2</td><td>June 15, 1940</td></tr><tr><td>June 15.</td><td>1</td><td>3 years 3 mos.</td><td>Sept. 15, 1943</td><td>-</td><td>279</td><td>-</td><td>-</td><td>279</td><td>-</td><td>July 16, 1928</td><td>3-3/8</td><td>June 15, 1940</td></tr><tr><td>July 22.</td><td>2-1/4</td><td>14-16 years</td><td>June 15, 1954 June 15, 1956</td><td>681</td><td>-</td><td>[6,605 501/</td><td>631 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct. 7.</td><td>2</td><td>13-15 years</td><td>June 15, 1953 June 15, 1955</td><td>725</td><td>-</td><td>-</td><td>-</td><td>-</td><td>725</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1940</td></tr><tr><td>Dec. 18.</td><td>3/4</td><td>5 years</td><td>Dec. 15, 1945</td><td>-</td><td>531</td><td>4,071</td><td>531</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941-Jan. 31.</td><td>3/4</td><td>3 years 71/2 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>635</td><td>2,756</td><td>635</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 15.</td><td>2</td><td>7-9 years</td><td>Mar. 15, 1948 Mar. 15, 1950</td><td>1,116</td><td>-</td><td>-</td><td>-</td><td>3 482 43 634</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 15.</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>32</td><td>-</td><td>-</td><td>5</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 31. (Add. 3/15/41)</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>33</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>Mar. 31.</td><td>2-1/2</td><td>11-13 years</td><td>Mar. 15, 1952 Mar. 15, 1954</td><td>1,024</td><td>-</td><td>[6,145 501/</td><td>526 501/</td><td>-</td><td>448 22</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>June 2. (Add. 3/15/41)</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>Aug. 15, 1933</td><td>3-1/4</td><td>Aug. 1, 1941</td></tr><tr><td>June 2.</td><td>2-1/2</td><td>14 years 91/2 mos. -16 years 91/2 mos.</td><td>Mar. 15, 1956 Mar. 15, 1958</td><td>1,449</td><td>-</td><td>8,268</td><td>662</td><td>788</td><td>-</td><td>Aug. 15, 1933</td><td>3-1/4</td><td>Aug. 1, 1941</td></tr><tr><td>Oct. 20.</td><td>2-1/2</td><td>25 years 11 mos. -30 years 11 mos.</td><td>Sept. 15, 1967 Sept. 15, 1972</td><td>1,589 p</td><td>-</td><td>10,445 p 93 1/</td><td>1,707 p 93 1/</td><td>-</td><td>189 p</td><td>Dec. 15, 1936</td><td>1-1/4</td><td>Dec. 15, 1941</td></tr></table>
Back Figures: For financings from July 1, 1937 through December 31, 1937 see March 1939 Bulletin, pp. 16-17. Preliminary. 1/ These amounts were sold to Government investment accounts direct.
24
Treasury Bill Offerings since September 1, 1940
<table><tr><th>Date of issue</th><th>Date of maturity</th><th>Number of days to maturity</th><th>Total amount applied for (In millions of dollars)</th><th colspan="3">Bids accepted</th><th>Amount of maturing issue (In millions of dollars)</th></tr><tr><th></th><th></th><th></th><th></th><th>Amount (In millions of dollars)</th><th>Average price (per hundred)</th><th>Average equivalent rate 1/ (Percent)</th><th></th></tr><tr><td>1940-Sept. 4</td><td>Dec. 4</td><td>91</td><td>212.9</td><td>100.1</td><td>99.991</td><td>0.036</td><td>100.0</td></tr><tr><td>Sept.11</td><td>Dec. 11</td><td>91</td><td>255.5</td><td>100.1</td><td>99.990</td><td>0.038</td><td>100.0</td></tr><tr><td>Sept.18</td><td>Dec. 18</td><td>91</td><td>283.3</td><td>100.3</td><td>99.992</td><td>0.032</td><td>100.1</td></tr><tr><td>Sept.25</td><td>Dec. 26</td><td>92</td><td>322.1</td><td>100.0</td><td>99.997</td><td>0.013</td><td>100.2</td></tr><tr><td>Oct. 2</td><td>1941-Jan. 2</td><td>92</td><td>372.5</td><td>101.5</td><td>100.000</td><td>0.000</td><td>100.3</td></tr><tr><td>Oct. 9</td><td>Jan. 8</td><td>91</td><td>500.7</td><td>101.9</td><td>100.000+</td><td>2/</td><td>100.6</td></tr><tr><td>Oct. 16</td><td>Jan. 15</td><td>91</td><td>475.6</td><td>100.6</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Oct. 23</td><td>Jan. 22</td><td>91</td><td>413.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.6</td></tr><tr><td>Oct. 30</td><td>Jan. 29</td><td>91</td><td>383.9</td><td>100.9</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Nov. 6</td><td>Feb. 5</td><td>91</td><td>236.5</td><td>100.1</td><td>100.000-</td><td>0.002</td><td>100.4</td></tr><tr><td>Nov. 13 3/</td><td>Feb. 13</td><td>92</td><td>285.6</td><td>100.4</td><td>99.999</td><td>0.003</td><td>100.1</td></tr><tr><td>Nov. 20 3/</td><td>Feb. 19</td><td>91</td><td>280.8</td><td>100.3</td><td>99.999</td><td>0.003</td><td>100.2</td></tr><tr><td>Nov. 27 3/</td><td>Feb. 26</td><td>91</td><td>298.6</td><td>101.3</td><td>99.999</td><td>0.004</td><td>100.0</td></tr><tr><td>Dec. 4 3/</td><td>Mar. 5</td><td>91</td><td>374.4</td><td>101.0</td><td>99.999</td><td>0.002</td><td>100.1</td></tr><tr><td>Dec. 11 3/</td><td>Mar. 12</td><td>91</td><td>406.1</td><td>101.2</td><td>100.000-</td><td>0.001</td><td>100.1</td></tr><tr><td>Dec. 18 3/</td><td>Mar. 19</td><td>91</td><td>397.9</td><td>100.3</td><td>100.000+</td><td>2/</td><td>100.3</td></tr><tr><td>Dec. 26 3/</td><td>Mar. 26</td><td>90</td><td>422.3</td><td>100.4</td><td>100.000+</td><td>2/</td><td>100.0</td></tr><tr><td>1941-Jan. 2 3/</td><td>Apr. 2</td><td>90</td><td>648.2</td><td>100.4</td><td>100.003</td><td>2/</td><td>101.5</td></tr><tr><td>Jan. 8 3/</td><td>Apr. 9</td><td>91</td><td>560.5</td><td>100.0</td><td>100.003</td><td>2/</td><td>101.9</td></tr><tr><td>Jan. 15 3/</td><td>Apr. 16</td><td>91</td><td>398.8</td><td>100.0</td><td>100.003</td><td>2/</td><td>100.6</td></tr><tr><td>Jan. 22 3/</td><td>Apr. 23</td><td>91</td><td>304.0</td><td>100.0</td><td>100.001</td><td>2/</td><td>100.5</td></tr><tr><td>Jan. 29 3/</td><td>Apr. 30</td><td>91</td><td>263.1</td><td>101.3</td><td>100.000+</td><td>2/</td><td>100.9</td></tr><tr><td>Feb. 5 3/</td><td>May 7</td><td>91</td><td>312.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Feb. 13 3/</td><td>May 14</td><td>90</td><td>227.6</td><td>100.3</td><td>100.000-</td><td>0.000+</td><td>100.4</td></tr><tr><td>Feb. 19 3/</td><td>May 21</td><td>91</td><td>209.8</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.3</td></tr><tr><td>Feb. 26 3/</td><td>May 28</td><td>91</td><td>258.1</td><td>100.1</td><td>99.989</td><td>0.043</td><td>101.3</td></tr><tr><td>Mar. 5</td><td>June 4</td><td>91</td><td>525.3</td><td>200.3</td><td>99.978</td><td>0.086</td><td>101.0</td></tr><tr><td>Mar. 12</td><td>June 11</td><td>91</td><td>452.6</td><td>200.3</td><td>99.970</td><td>0.120</td><td>101.2</td></tr><tr><td>Mar. 19</td><td>June 18</td><td>91</td><td>442.4</td><td>200.2</td><td>99.971</td><td>0.117</td><td>100.7</td></tr><tr><td>Mar. 26</td><td>June 25</td><td>91</td><td>308.8</td><td>100.4</td><td>99.984</td><td>0.065</td><td>100.4</td></tr><tr><td>Apr. 2</td><td>July 2</td><td>91</td><td>290.8</td><td>100.6</td><td>99.986</td><td>0.055</td><td>100.4</td></tr><tr><td>Apr. 9</td><td>July 9</td><td>91</td><td>208.9</td><td>100.1</td><td>99.980</td><td>0.079</td><td>100.0</td></tr><tr><td>Apr. 16</td><td>July 16</td><td>91</td><td>252.6</td><td>100.4</td><td>99.976</td><td>0.093</td><td>100.0</td></tr><tr><td>Apr. 23</td><td>July 23</td><td>91</td><td>247.4</td><td>100.1</td><td>99.975</td><td>0.097</td><td>100.0</td></tr><tr><td>Apr. 30</td><td>July 30</td><td>91</td><td>301.7</td><td>100.1</td><td>99.976</td><td>0.097</td><td>101.3</td></tr><tr><td>May 7</td><td>Aug. 6</td><td>91</td><td>315.8</td><td>100.0</td><td>99.976</td><td>0.096</td><td>100.5</td></tr><tr><td>May 14</td><td>Aug. 13</td><td>91</td><td>374.7</td><td>100.0</td><td>99.983</td><td>0.069</td><td>100.3</td></tr><tr><td>May 21</td><td>Aug. 20</td><td>91</td><td>301.5</td><td>100.5</td><td>99.982</td><td>0.070</td><td>100.1</td></tr><tr><td>May 28</td><td>Aug. 27</td><td>91</td><td>260.4</td><td>100.3</td><td>99.983</td><td>0.069</td><td>100.1</td></tr><tr><td>June 4</td><td>Sept. 3</td><td>91</td><td>334.9</td><td>200.1</td><td>99.973</td><td>0.107</td><td>200.3</td></tr><tr><td>June 11</td><td>Sept.10</td><td>91</td><td>439.5</td><td>200.3</td><td>99.975</td><td>0.100</td><td>200.3</td></tr><tr><td>June 18</td><td>Sept.17</td><td>91</td><td>398.1</td><td>200.6</td><td>99.974</td><td>0.103</td><td>200.2</td></tr><tr><td>June 25</td><td>Sept.24</td><td>91</td><td>267.8</td><td>100.1</td><td>99.983</td><td>0.066</td><td>100.6</td></tr><tr><td>July 2</td><td>Oct. 1</td><td>91</td><td>281.1</td><td>100.9</td><td>99.978</td><td>0.086</td><td>100.6</td></tr><tr><td>July 9</td><td>Oct. 8</td><td>91</td><td>281.7</td><td>100.0</td><td>99.976</td><td>0.097</td><td>100.1</td></tr><tr><td>July 16</td><td>Oct. 15</td><td>91</td><td>306.1</td><td>100.7</td><td>99.975</td><td>0.097</td><td>100.4</td></tr><tr><td>July 23</td><td>Oct. 22</td><td>91</td><td>292.8</td><td>100.1</td><td>99.975</td><td>0.098</td><td>100.1</td></tr><tr><td>July 30</td><td>Oct. 29</td><td>91</td><td>266.6</td><td>100.0</td><td>99.976</td><td>0.094</td><td>100.1</td></tr><tr><td>Aug. 6</td><td>Nov. 5</td><td>91</td><td>293.2</td><td>100.2</td><td>99.973</td><td>0.106</td><td>100.0</td></tr><tr><td>Aug. 13</td><td>Nov. 12</td><td>91</td><td>288.8</td><td>100.1</td><td>99.971</td><td>0.114</td><td>100.0</td></tr><tr><td>Aug. 20</td><td>Nov. 19</td><td>91</td><td>297.4</td><td>100.2</td><td>99.971</td><td>0.116</td><td>100.5</td></tr><tr><td>Aug. 27</td><td>Nov. 26</td><td>91</td><td>327.1</td><td>100.8</td><td>99.971</td><td>0.114</td><td>100.3</td></tr><tr><td>Sept. 3</td><td>Dec. 3</td><td>91</td><td>383.6</td><td>100.4</td><td>99.977</td><td>0.090</td><td>200.1</td></tr><tr><td>Sept.10</td><td>Dec. 10</td><td>91</td><td>439.5</td><td>101.0</td><td>99.982</td><td>0.071</td><td>200.3</td></tr><tr><td>Sept.17</td><td>Dec. 17</td><td>91</td><td>433.4</td><td>100.0</td><td>99.987</td><td>0.050</td><td>200.6</td></tr><tr><td>Sept.24</td><td>Dec. 24</td><td>91</td><td>404.2</td><td>100.7</td><td>99.991</td><td>0.037</td><td>100.1</td></tr></table>
Source: Accounts of Public Debt Service. Jack Figures: Annual Reports of the Secretary of the Treasury. 1/ Bank discount basis. 2/ Negative. 3/ National Defense series.
25
Statement of the Debt Position of the United States Government under Limitations Imposed by Section 21 of the Second Liberty Bond Act, as Amended As of September 30, 1941
<table><tr><td>Total face amount which may be outstanding at any one time</td><td>$65,000,000,000</td></tr><tr><td>Face amount outstanding as of September 30, 1941:</td><td></td></tr><tr><td>Interest-bearing securities</td><td></td></tr><tr><td>Bonds</td><td></td></tr><tr><td>Treasury</td><td>$30,168,525,850</td></tr><tr><td>Savings (maturity value) 1/</td><td>6,351,778,675</td></tr><tr><td>Depository</td><td>53,795,000</td></tr><tr><td>Adjusted Service</td><td>736,279,506</td></tr><tr><td>Total bonds</td><td>$37,310,379,031</td></tr><tr><td>Treasury notes</td><td>10,701,482,425</td></tr><tr><td>Certificates of indebtedness</td><td>2,497,850,000</td></tr><tr><td>Treasury bills (maturity value)</td><td>1,304,894,000</td></tr><tr><td>Total interest-bearing securities</td><td>$51,814,605,456</td></tr><tr><td>Matured obligations on which interest has ceased</td><td>177,912,500</td></tr><tr><td>Total face amount of securities outstanding</td><td>51,992,518,256</td></tr><tr><td>Total amount of authorization unused as of September 30, 1941</td><td>$13,007,481,744</td></tr></table>
1/ Approximate maturity value. The current redemption value of U. S. Savings bonds amounted to $5,131,798,165 on September 30, 1941.
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as Amended, With the Gross Public Debt of the United States as Shown in the Daily Treasury Statement As of September 30, 1941
<table><tr><td>Gross public debt outstanding</td><td></td><td>$51,346,407,110</td></tr><tr><td>Total face amount of securities outstanding limited by Section 21 of the Second Liberty Bond Act, as amended</td><td>$51,992,518,256</td><td></td></tr><tr><td>Less: Unearned discount on savings bonds (difference between current redemption value and maturity value)</td><td>1,219,980,510</td><td>$50,772,537,746</td></tr><tr><td>Add: Securities outstanding not subject to limitation under Section 21:</td><td></td><td></td></tr><tr><td>Interest-bearing securities</td><td>$ 196,046,600</td><td></td></tr><tr><td>Matured obligations on which interest has ceased</td><td>12,557,400</td><td></td></tr><tr><td>Debt bearing no interest</td><td>365,265,364</td><td>573,869,364</td></tr><tr><td>Gross public debt outstanding</td><td></td><td>$51,346,407,110</td></tr></table>
26
Public Debt Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="4">Expenditures</th><th rowspan="2">Excess of receipts</th></tr><tr><th>Total</th><th>Cash</th><th>Adjusted service bonds</th><th>Exchanges</th><th>Special issues</th><th>Total</th><th>Cash</th><th>Exchanges</th><th>Special issues</th></tr><tr><td>1938</td><td>9,620.8</td><td>4,775.8</td><td>12.8</td><td>2,673.8</td><td>2,158.5</td><td>8,880.7</td><td>5,166.0</td><td>2,673.8</td><td>1,040.8</td><td>740.1</td></tr><tr><td>1939</td><td>13,083.6</td><td>7,475.1</td><td>6.6</td><td>3,034.9</td><td>2,567.1</td><td>9,808.8</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>3,274.8</td></tr><tr><td>1940</td><td>13,165.6</td><td>7,194.4</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>10,637.6</td><td>5,679.8</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1941</td><td>17,846.7</td><td>10,462.1</td><td>2.2</td><td>3,141.6</td><td>4,240.8</td><td>11,852.8</td><td>5,815.6</td><td>3,141.6</td><td>2,895.6</td><td>5,993.9</td></tr><tr><td>1940-September</td><td>613.9</td><td>447.6</td><td>.2</td><td>-</td><td>166.0</td><td>446.2</td><td>409.7</td><td>-</td><td>36.4</td><td>167.7</td></tr><tr><td>October</td><td>1,337.5</td><td>557.6</td><td>.2</td><td>724.7</td><td>55.0</td><td>1,273.2</td><td>531.7</td><td>724.7</td><td>16.8</td><td>64.3</td></tr><tr><td>November</td><td>567.1</td><td>452.2</td><td>.2</td><td>-</td><td>114.8</td><td>431.6</td><td>424.5</td><td>-</td><td>7.1</td><td>135.5</td></tr><tr><td>December</td><td>1,203.6</td><td>1,015.9</td><td>.2</td><td>-</td><td>187.5</td><td>451.8</td><td>424.6</td><td>-</td><td>27.1</td><td>751.9</td></tr><tr><td>1941-January</td><td>1,414.0</td><td>1,325.6</td><td>.1</td><td>-</td><td>88.3</td><td>561.7</td><td>529.6</td><td>-</td><td>32.1</td><td>852.3</td></tr><tr><td>February</td><td>636.5</td><td>522.1</td><td>.2</td><td>-</td><td>114.2</td><td>423.8</td><td>417.4</td><td>-</td><td>6.3</td><td>212.7</td></tr><tr><td>March</td><td>3,186.6</td><td>1,387.6</td><td>.2</td><td>1,627.2</td><td>171.6</td><td>2,103.4</td><td>453.6</td><td>1,627.2</td><td>22.6</td><td>1,083.2</td></tr><tr><td>April</td><td>651.8</td><td>585.0</td><td>.2</td><td>.6</td><td>66.0</td><td>594.2</td><td>551.8</td><td>.6</td><td>41.8</td><td>57.6</td></tr><tr><td>May</td><td>915.4</td><td>775.6</td><td>.1</td><td>-</td><td>139.7</td><td>425.2</td><td>412.6</td><td>-</td><td>12.6</td><td>490.3</td></tr><tr><td>June</td><td>5,388.5</td><td>1,683.6</td><td>.1</td><td>787.3</td><td>2,917.5</td><td>4,147.8</td><td>729.1</td><td>787.3</td><td>2,631.4</td><td>1,240.7</td></tr><tr><td>July</td><td>1,121.2</td><td>895.1</td><td>.1</td><td>.6</td><td>225.3</td><td>570.1</td><td>547.7</td><td>.6</td><td>21.8</td><td>551.1</td></tr><tr><td>August</td><td>1,884.4</td><td>1,721.2</td><td>.1</td><td>.6</td><td>163.1</td><td>476.0</td><td>458.9</td><td>.6</td><td>17.0</td><td>1,408.4</td></tr><tr><td>September</td><td>1,170.9</td><td>948.6</td><td>.1</td><td>-</td><td>222.2</td><td>745.5</td><td>711.7</td><td>-</td><td>33.7</td><td>425.4</td></tr></table>
Source: Daily Treasury Statements. Less than $100,000.
Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing Public Debt Outstanding
<table><tr><th>End of fiscal year or month</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed rate of interest (Percent)</th></tr><tr><td>1933</td><td>$22,157,643,120</td><td>$ 742,175,955</td><td>3.350</td></tr><tr><td>1934</td><td>26,480,487,870</td><td>842,301,131</td><td>3.181</td></tr><tr><td>1935</td><td>27,645,241,088</td><td>750,578,123</td><td>2.715</td></tr><tr><td>1936</td><td>32,988,790,135</td><td>844,996,902</td><td>2.562</td></tr><tr><td>1937</td><td>35,800,109,418</td><td>924,275,241</td><td>2.582</td></tr><tr><td>1938</td><td>36,575,925,880</td><td>947,084,058</td><td>2.589</td></tr><tr><td>1939</td><td>39,885,969,732</td><td>1,036,937,397</td><td>2.600</td></tr><tr><td>1940</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583</td></tr><tr><td>1941</td><td>48,387,399,539</td><td>1,218,238,845</td><td>2.518</td></tr><tr><td>1940-September</td><td>43,479,954,349</td><td>1,121,989,746</td><td>2.580</td></tr><tr><td>October</td><td>43,560,308,589</td><td>1,127,497,712</td><td>2.588</td></tr><tr><td>November</td><td>43,706,990,015</td><td>1,131,161,393</td><td>2.588</td></tr><tr><td>December</td><td>44,458,486,252</td><td>1,140,790,578</td><td>2.566</td></tr><tr><td>1941-January</td><td>45,320,394,574</td><td>1,151,796,977</td><td>2.541</td></tr><tr><td>February</td><td>45,535,287,070</td><td>1,157,610,751</td><td>2.542</td></tr><tr><td>March</td><td>46,580,812,461</td><td>1,178,076,621</td><td>2.529</td></tr><tr><td>April</td><td>46,673,368,395</td><td>1,181,178,483</td><td>2.531</td></tr><tr><td>May</td><td>47,160,164,076</td><td>1,195,018,863</td><td>2.534</td></tr><tr><td>June</td><td>48,387,399,539</td><td>1,218,238,845</td><td>2.518</td></tr><tr><td>July</td><td>48,965,009,283</td><td>1,234,650,904</td><td>2.522</td></tr><tr><td>August</td><td>50,370,520,072</td><td>1,249,099,338</td><td>2.480</td></tr><tr><td>September</td><td>50,790,671,546</td><td>1,260,530,608</td><td>2.482</td></tr></table>
Basis: Daily Treasury Statements.
1/ Treasury bills are included in interest-bearing debt figures at face amount, but for the purpose of calculating the computed annual interest charge and the computed rate of interest, the discount value is used.
27
Average Yields of Long-Term Treasury and Corporate Bonds
(Porcat)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></tr></table>
Monthly Series 3/
<table><tr><td>1933-Jan</td><td>3.22</td><td>4.28</td><td>1.06</td><td>1936-Jan</td><td>2.80</td><td>3.32</td><td>.52</td><td>1939-Jan</td><td>2.47</td><td>2.96</td><td>.49</td></tr><tr><td>Feb</td><td>3.31</td><td>4.34</td><td>1.03</td><td>Feb</td><td>2.77</td><td>3.26</td><td>.49</td><td>Feb</td><td>2.44</td><td>2.90</td><td>.46</td></tr><tr><td>Mar</td><td>3.42</td><td>4.56</td><td>1.14</td><td>Mar</td><td>2.71</td><td>3.24</td><td>.53</td><td>Mar</td><td>2.34</td><td>2.87</td><td>.53</td></tr><tr><td>Apr</td><td>3.42</td><td>4.63</td><td>1.21</td><td>Apr</td><td>2.68</td><td>3.24</td><td>.56</td><td>Apr</td><td>2.30</td><td>2.92</td><td>.62</td></tr><tr><td>May</td><td>3.30</td><td>4.48</td><td>1.18</td><td>May</td><td>2.66</td><td>3.22</td><td>.56</td><td>May</td><td>2.17</td><td>2.86</td><td>.69</td></tr><tr><td>June</td><td>3.21</td><td>4.34</td><td>1.13</td><td>June</td><td>2.66</td><td>3.19</td><td>.53</td><td>June</td><td>2.13</td><td>2.78</td><td>.65</td></tr><tr><td>July</td><td>3.20</td><td>4.28</td><td>1.08</td><td>July</td><td>2.65</td><td>3.18</td><td>.53</td><td>July</td><td>2.16</td><td>2.76</td><td>.60</td></tr><tr><td>Aug</td><td>3.21</td><td>4.23</td><td>1.02</td><td>Aug</td><td>2.61</td><td>3.18</td><td>.57</td><td>Aug</td><td>2.21</td><td>2.79</td><td>.58</td></tr><tr><td>Sept</td><td>3.19</td><td>4.28</td><td>1.09</td><td>Sept</td><td>2.60</td><td>3.15</td><td>.55</td><td>Sept</td><td>2.65</td><td>3.29</td><td>.64</td></tr><tr><td>Oct</td><td>3.22</td><td>4.26</td><td>1.04</td><td>Oct</td><td>2.62</td><td>3.14</td><td>.52</td><td>Oct</td><td>2.60</td><td>3.14</td><td>.54</td></tr><tr><td>Nov</td><td>3.46</td><td>4.45</td><td>.99</td><td>Nov</td><td>2.53</td><td>3.11</td><td>.58</td><td>Nov</td><td>2.46</td><td>2.93</td><td>.47</td></tr><tr><td>Dec</td><td>3.53</td><td>4.40</td><td>.87</td><td>Dec</td><td>2.51</td><td>3.07</td><td>.56</td><td>Dec</td><td>2.35</td><td>2.86</td><td>.51</td></tr><tr><td>1934-Jan</td><td>3.50</td><td>4.26</td><td>.76</td><td>1937-Jan</td><td>2.47</td><td>3.09</td><td>.62</td><td>1940-Jan</td><td>2.30</td><td>2.51</td><td>.51</td></tr><tr><td>Feb</td><td>3.32</td><td>4.14</td><td>.82</td><td>Feb</td><td>2.45</td><td>3.24</td><td>.78</td><td>Feb</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>Mar</td><td>3.20</td><td>4.07</td><td>.87</td><td>Mar</td><td>2.60</td><td>3.36</td><td>.76</td><td>Mar</td><td>2.25</td><td>2.77</td><td>.52</td></tr><tr><td>Apr</td><td>3.11</td><td>4.00</td><td>.89</td><td>Apr</td><td>2.80</td><td>3.43</td><td>.63</td><td>Apr</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>May</td><td>3.02</td><td>3.94</td><td>.92</td><td>May</td><td>2.76</td><td>3.36</td><td>.60</td><td>May</td><td>2.38</td><td>2.87</td><td>.49</td></tr><tr><td>June</td><td>2.98</td><td>3.88</td><td>.90</td><td>June</td><td>2.76</td><td>3.31</td><td>.55</td><td>June</td><td>2.39</td><td>2.93</td><td>.54</td></tr><tr><td>July</td><td>2.92</td><td>3.83</td><td>.91</td><td>July</td><td>2.72</td><td>3.27</td><td>.55</td><td>July</td><td>2.28</td><td>2.85</td><td>.57</td></tr><tr><td>Aug</td><td>3.03</td><td>3.87</td><td>.84</td><td>Aug</td><td>2.72</td><td>3.25</td><td>.53</td><td>Aug</td><td>2.25</td><td>2.80</td><td>.55</td></tr><tr><td>Sept</td><td>3.20</td><td>3.89</td><td>.69</td><td>Sept</td><td>2.77</td><td>3.26</td><td>.49</td><td>Sept</td><td>2.18</td><td>2.71</td><td>.53</td></tr><tr><td>Oct</td><td>3.10</td><td>3.84</td><td>.74</td><td>Oct</td><td>2.76</td><td>3.26</td><td>.50</td><td>Oct</td><td>2.10</td><td>2.70</td><td>.60</td></tr><tr><td>Nov</td><td>3.07</td><td>3.78</td><td>.71</td><td>Nov</td><td>2.71</td><td>3.22</td><td>.51</td><td>Nov</td><td>1.97</td><td>2.65</td><td>.68</td></tr><tr><td>Dec</td><td>3.01</td><td>3.68</td><td>.67</td><td>Dec</td><td>2.67</td><td>3.17</td><td>.50</td><td>Dec</td><td>1.89</td><td>2.59</td><td>.70</td></tr><tr><td>1935-Jan</td><td>2.88</td><td>3.60</td><td>.72</td><td>1938-Jan</td><td>2.65</td><td>3.17</td><td>.52</td><td>1941-Jan</td><td>1.99</td><td>2.57</td><td>.58</td></tr><tr><td>Feb</td><td>2.79</td><td>3.52</td><td>.73</td><td>Feb</td><td>2.64</td><td>3.15</td><td>.51</td><td>Feb</td><td>2.10</td><td>2.71</td><td>.61</td></tr><tr><td>Mar</td><td>2.77</td><td>3.49</td><td>.72</td><td>Mar</td><td>2.64</td><td>3.16</td><td>.52</td><td>Mar</td><td>2.01</td><td>2.73</td><td>.72</td></tr><tr><td>Apr</td><td>2.74</td><td>3.47</td><td>.73</td><td>Apr</td><td>2.62</td><td>3.25</td><td>.63</td><td>Apr</td><td>1.96</td><td>2.76</td><td>.80</td></tr><tr><td>May</td><td>2.72</td><td>3.48</td><td>.76</td><td>May</td><td>2.51</td><td>3.14</td><td>.63</td><td>May</td><td>1.92</td><td>2.75</td><td>.83</td></tr><tr><td>June</td><td>2.72</td><td>3.43</td><td>.71</td><td>June</td><td>2.52</td><td>3.15</td><td>.63</td><td>June</td><td>1.91</td><td>2.70</td><td>.79</td></tr><tr><td>July</td><td>2.69</td><td>3.35</td><td>.66</td><td>July</td><td>2.52</td><td>3.12</td><td>.60</td><td>July</td><td>1.90</td><td>2.66</td><td>.76</td></tr><tr><td>Aug</td><td>2.76</td><td>3.44</td><td>.68</td><td>Aug</td><td>2.51</td><td>3.10</td><td>.59</td><td>Aug</td><td>1.94</td><td>2.65</td><td>.71</td></tr><tr><td>Sept</td><td>2.85</td><td>3.47</td><td>.62</td><td>Sept</td><td>2.58</td><td>3.12</td><td>.54</td><td>Sept</td><td>1.94</td><td>2.64</td><td>.70</td></tr><tr><td>Oct</td><td>2.85</td><td>3.46</td><td>.61</td><td>Oct</td><td>2.48</td><td>3.06</td><td>.58</td><td></td><td></td><td></td><td></td></tr><tr><td>Nov</td><td>2.83</td><td>3.41</td><td>.58</td><td>Nov</td><td>2.50</td><td>3.04</td><td>.54</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec</td><td>2.83</td><td>3.39</td><td>.56</td><td>Dec</td><td>2.49</td><td>3.02</td><td>.53</td><td></td><td></td><td></td><td></td></tr></table>
Weekly Series - Saturday Figures 4/
<table><tr><td>1941-Apr.</td><td>5....</td><td>2.01</td><td>2.74</td><td>.73</td><td>1941-June</td><td>7....</td><td>1.89</td><td>2.73</td><td>.84</td><td>1941-Aug.</td><td>2....</td><td>1.90</td><td>2.64</td><td>.74</td></tr><tr><td></td><td>12....</td><td>2.01</td><td>2.76</td><td>.75</td><td></td><td>14....</td><td>1.88</td><td>2.71</td><td>.83</td><td></td><td>9....</td><td>1.96</td><td>2.65</td><td>.69</td></tr><tr><td></td><td>19....</td><td>1.93</td><td>2.76</td><td>.83</td><td></td><td>21....</td><td>1.93 5/</td><td>2.68</td><td>.75 5/</td><td></td><td>16....</td><td>1.95</td><td>2.65</td><td>.70</td></tr><tr><td></td><td>26....</td><td>1.91</td><td>2.77</td><td>.86</td><td></td><td>28....</td><td>1.90</td><td>2.66</td><td>.76</td><td></td><td>23....</td><td>1.95</td><td>2.67</td><td>.72</td></tr><tr><td>May</td><td>3....</td><td>1.91</td><td>2.75</td><td>.84</td><td>July</td><td>5....</td><td>1.89</td><td>2.65</td><td>.76</td><td>Sept.</td><td>6....</td><td>1.92</td><td>2.64</td><td>.72</td></tr><tr><td></td><td>10....</td><td>1.91</td><td>2.76</td><td>.85</td><td></td><td>12....</td><td>1.92</td><td>2.65</td><td>.73</td><td></td><td>13....</td><td>1.95</td><td>2.65</td><td>.69</td></tr><tr><td></td><td>17....</td><td>1.94</td><td>2.76</td><td>.82</td><td></td><td>19....</td><td>1.90</td><td>2.65</td><td>.75</td><td></td><td>20....</td><td>1.94</td><td>2.64</td><td>.70</td></tr><tr><td></td><td>24....</td><td>1.93</td><td>2.75</td><td>.82</td><td></td><td>26....</td><td>1.91</td><td>2.68</td><td>.77</td><td>Oct.</td><td>4....</td><td>1.92</td><td>2.62</td><td>.70</td></tr><tr><td></td><td>31....</td><td>1.89</td><td>2.75</td><td>.86</td><td></td><td></td><td></td><td></td><td></td><td></td><td>11....</td><td>1.89</td><td>2.61</td><td>.72</td></tr></table>
Daily Series
<table><tr><td>1941-Sept. 1....</td><td>1.92</td><td>2.65</td><td>.73</td><td>1941-Sept.16....</td><td>1.95</td><td>2.64</td><td>.69</td><td>1941-Oct. 1....</td><td>1.91</td><td>2.62</td><td>.71</td></tr><tr><td>2....</td><td>1.92</td><td>2.65</td><td>.73</td><td>17....</td><td>1.96</td><td>2.64</td><td>.68</td><td>2....</td><td>1.90</td><td>2.63</td><td>.73</td></tr><tr><td>3....</td><td>1.90</td><td>2.64</td><td>.74</td><td>18....</td><td>1.95</td><td>2.64</td><td>.69</td><td>3....</td><td>1.92</td><td>2.62</td><td>.70</td></tr><tr><td>4....</td><td>1.91</td><td>2.64</td><td>.73</td><td>19....</td><td>1.94</td><td>2.64</td><td>.70</td><td>4....</td><td>1.92</td><td>2.62</td><td>.70</td></tr><tr><td>5....</td><td>1.92</td><td>2.64</td><td>.72</td><td>20....</td><td>1.94</td><td>2.64</td><td>.70</td><td>Oct. 6....</td><td>1.91</td><td>2.62</td><td>.71</td></tr><tr><td>6....</td><td>1.92</td><td>2.64</td><td>.72</td><td>Sept.22....</td><td>1.95</td><td>2.64</td><td>.69</td><td>7....</td><td>1.91</td><td>2.62</td><td>.71</td></tr><tr><td>Sept. 8....</td><td>1.93</td><td>2.64</td><td>.71</td><td>23....</td><td>1.96</td><td>2.64</td><td>.68</td><td>8....</td><td>1.91</td><td>2.62</td><td>.71</td></tr><tr><td>9....</td><td>1.92</td><td>2.64</td><td>.72</td><td>24....</td><td>1.93</td><td>2.64</td><td>.71</td><td>9....</td><td>1.91</td><td>2.62</td><td>.71</td></tr><tr><td>10....</td><td>1.94</td><td>2.64</td><td>.70</td><td>25....</td><td>1.93</td><td>2.64</td><td>.71</td><td>10....</td><td>1.89</td><td>2.61</td><td>.72</td></tr><tr><td>11....</td><td>1.96</td><td>2.65</td><td>.69</td><td>26....</td><td>1.92</td><td>2.64</td><td>.72</td><td>11....</td><td>1.89</td><td>2.61</td><td>.72</td></tr><tr><td>12....</td><td>1.95</td><td>2.65</td><td>.70</td><td>27....</td><td>1.92</td><td>2.64</td><td>.72</td><td>Oct. 13....</td><td>-</td><td>-</td><td>-</td></tr><tr><td>13....</td><td>1.96</td><td>2.65</td><td>.69</td><td>Sept.29....</td><td>1.92</td><td>2.64</td><td>.72</td><td>14....</td><td>1.90</td><td>2.60</td><td>.70</td></tr><tr><td>Sept.15....</td><td>1.96</td><td>2.64</td><td>.68</td><td>30....</td><td>1.92</td><td>2.63</td><td>.71</td><td>15....</td><td>1.89</td><td>2.60</td><td>.71</td></tr></table>
Basis of Computation: (1) Treasuary bond yields are computed on the basis of the mean of bid and ask quotations in the over-the-counter market, beginning September 2, 1941; previously, closing prices on the New York Stock Exchange were used on days when sales took place on the Exchange in a particular issue and the mean of closing bid and ask quotations on the New York Stock Exchange on days when no sales took place. (2) Corporate bond yields are computed on the basis of closing prices on the New York Stock Exchange and the New York Curb Exchange; on days when an issue does not sell, the price of the last preceding sale is used.
Back figures: See "Treasury Bulletin" for July 1941, pages 21-26.
1/ Average of partially tax-exempt Treasury bonds not due or callable for twelve years.
2/ Average of 9 bonds, January 6, 1933 through December 6, 1935; average of 15 bonds, December 7, 1935 through July 31, 1937; average of 20 bonds, August 1, 1937 through September 13, 1938; average of 5 bonds, September 14, 1938 to date.
3/ Partially tax-exempt Treasury bonds; average of daily figures. High-grade corporate bonds; average of Saturday figures, January 1933 through March 1938; average of daily figures, April 1938 to date.
4/ On days when the exchanges are closed, the date and prices of the previous day are used.
5/ Indicates change in composition of Treasury bond average.
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Monthly Series
1 Average of partially tax-exempt Treasury bonds not 2 Average of five bonds since September 13, 1938
YIELDS OF TREASURY BONDS AND NOTES OCT. 15, 1941
Based on Mean of Closing Bid and Asked Quotations
Note For callable bonds, yields are computed to end issues plotted as of the earliest call date if the bond is selling above par. And as of the final maturity date if the bond is selling below par. The smooth curves are fitted by eye. Dollar amounts shown in descriptions of issues are in millions. For which an exchange offer has been made and has expired are excluded. The yields on taxable securities are not reflected by the curves.
29
OWNERSHIP OF GOVERNMENT SECURITIES
-30-
31
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued by United States Government and Guaranteed by United States
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total amount outstanding</th><th colspan="5">Distribution by classes of holders</th><th colspan="3">Securities guaranteed by United States 1/</th></tr><tr><th colspan="3">U. S. Government agencies and trust funds 2/</th><th>Federal Reserve Banks 3/</th><th colspan="2">Private investors 4/</th><th>Total amount outstanding</th><th colspan="2">Distribution by classes of holders</th></tr><tr><th></th><th>Total public and special issues</th><th>Public marketable issues 5/</th><th>Special issues</th><th>Public marketable issues</th><th>Total public issues</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th><th>U. S. Government agencies and trust funds and Federal Reserve Banks 2/</th><th>Private investors 4/</th></tr><tr><td>1933</td><td>22,158</td><td>683</td><td>360</td><td>323</td><td>1,998</td><td>19,477</td><td>19,477</td><td>-</td><td>681</td><td>150</td><td>531</td></tr><tr><td>1934</td><td>26,480</td><td>1,278</td><td>882</td><td>396</td><td>2,432</td><td>22,770</td><td>22,770</td><td>62</td><td>4,123</td><td>362</td><td>3,761</td></tr><tr><td>1935</td><td>27,645</td><td>1,619</td><td>986</td><td>633</td><td>2,433</td><td>23,593</td><td>23,531</td><td>62</td><td>4,718</td><td>375</td><td>4,343</td></tr><tr><td>1936</td><td>32,989</td><td>1,937</td><td>1,311</td><td>626</td><td>2,430</td><td>28,622</td><td>27,361</td><td>1,261</td><td>4,665</td><td>363</td><td>4,302</td></tr><tr><td>1937</td><td>35,800</td><td>3,211</td><td>1,653</td><td>1,558</td><td>2,526</td><td>30,063</td><td>28,875</td><td>1,188</td><td>4,853</td><td>325</td><td>4,528</td></tr><tr><td>1938</td><td>36,576</td><td>4,452</td><td>1,776</td><td>2,676</td><td>2,564</td><td>29,560</td><td>28,004</td><td>1,556</td><td>5,450</td><td>286</td><td>5,164</td></tr><tr><td>1939</td><td>39,886</td><td>5,599</td><td>1,829</td><td>3,770</td><td>2,551</td><td>31,736</td><td>29,585</td><td>2,151</td><td>5,498</td><td>287</td><td>5,211</td></tr><tr><td>1940</td><td>42,376</td><td>6,792</td><td>2,017</td><td>4,775</td><td>2,458</td><td>33,127</td><td>29,961</td><td>3,166</td><td>6,360</td><td>273</td><td>6,087</td></tr><tr><td>1941</td><td>48,387</td><td>8,212</td><td>2,092</td><td>6,120</td><td>2,179</td><td>37,996</td><td>33,442</td><td>4,554</td><td></td><td></td><td></td></tr><tr><td>1940-September</td><td>43,480</td><td>7,053</td><td>1,990</td><td>5,063</td><td>2,417</td><td>34,010</td><td>30,712</td><td>3,298</td><td>5,787</td><td>284</td><td>5,503</td></tr><tr><td>October</td><td>43,560</td><td>7,083</td><td>1,982</td><td>5,102</td><td>2,328</td><td>34,149</td><td>30,813</td><td>3,336</td><td>5,790</td><td>283</td><td>5,507</td></tr><tr><td>November</td><td>43,707</td><td>7,184</td><td>1,975</td><td>5,209</td><td>2,200</td><td>34,323</td><td>30,949</td><td>3,374</td><td>5,901</td><td>278</td><td>5,623</td></tr><tr><td>December</td><td>44,458</td><td>7,346</td><td>1,976</td><td>5,370</td><td>2,179</td><td>34,933</td><td>31,489</td><td>3,444</td><td>5,901</td><td>278</td><td>5,623</td></tr><tr><td>1941-January</td><td>45,320</td><td>7,404</td><td>1,978</td><td>5,426</td><td>2,179</td><td>35,737</td><td>32,118</td><td>3,619</td><td>5,901</td><td>278</td><td>5,623</td></tr><tr><td>February</td><td>45,535</td><td>7,529</td><td>1,995</td><td>5,534</td><td>2,179</td><td>35,827</td><td>32,100</td><td>3,727</td><td>5,901</td><td>277</td><td>5,624</td></tr><tr><td>March</td><td>46,581</td><td>7,718</td><td>2,035</td><td>5,683</td><td>2,179</td><td>36,684</td><td>32,840</td><td>3,844</td><td>5,905</td><td>275</td><td>5,630</td></tr><tr><td>April</td><td>46,673</td><td>7,771</td><td>2,064</td><td>5,707</td><td>2,179</td><td>36,723</td><td>32,832</td><td>3,891</td><td>6,550</td><td>276</td><td>6,274</td></tr><tr><td>May</td><td>47,160</td><td>7,906</td><td>2,072</td><td>5,834</td><td>2,179</td><td>37,075</td><td>32,824</td><td>4,251</td><td>6,359</td><td>275</td><td>6,084</td></tr><tr><td>June</td><td>48,387</td><td>8,212</td><td>2,092</td><td>6,120</td><td>2,179</td><td>37,996</td><td>33,442</td><td>4,554</td><td>6,360</td><td>273</td><td>6,087</td></tr><tr><td>July</td><td>48,965</td><td>8,424</td><td>2,100</td><td>6,324</td><td>2,179</td><td>38,362</td><td>33,434</td><td>4,928</td><td>6,930</td><td>273</td><td>6,657</td></tr><tr><td>August</td><td>50,371</td><td>8,573</td><td>2,103</td><td>6,470</td><td>2,179</td><td>39,619</td><td>33,385</td><td>6,233</td><td>6,928</td><td>275</td><td>6,653</td></tr><tr><td>September</td><td>50,791</td><td>8,763 p</td><td>2,105 p</td><td>6,658</td><td>2,179</td><td>39,849 p</td><td>33,084</td><td>6,764</td><td>6,929</td><td>275 p</td><td>6,654 p</td></tr></table>
Sources: (1) Total amounts outstanding: Daily Treasury Statements; (2) Securities held by U. S. Government agencies and trust funds: eportes of the agencies and accounts with the Treasury; (3) Securities held by Federal Reserve Banks: Federal Reserve System.
p Preliminary.
1/ Excludes obligations sold directly to the Treasury.
2/ Excludes Exchange Stabilization Fund.
3/ Figures shown for June 30 of each year are as of the end of the month. Other figures are as of the Wednesday nearest the end of the month.
4/ The total amount of securities held by private investors is calculated by deducting from the total amount of securities outstanding, the securities held by U. S. Government agencies and trust funds and by Federal Reserve Banks.
5/ Includes public non-marketable issues which have not at any time aggregated as such as $950,000.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(in millions of dollars)
<table><tr><th></th><th colspan="12">Net market purchases or sales (-)</th></tr><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>38.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.6</td><td>.1</td><td>-12.5</td><td>-37.1</td><td>-40.4</td><td>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-3</td><td>-4.4</td><td>-.3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td>-.7</td><td>-2</td><td>.4</td><td>8</td><td>-</td><td>-9</td><td>-</td><td>-</td><td>-</td></tr></table>
Lose than $50,000.
1/ Treasury investment accounts comprise (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department.
32
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941
The following tables present summary data from the Treasury survey, as of August 31, 1941, of the ownership of securities issued or guaranteed by the United States. The large commercial and savings banks and insurance companies covered in the survey account for approximately 95 percent of the holdings of United States Government and Government-guaranteed securities held by all banks and insurance companies in the United States.
Table I.- Analysis of Ownership by Type of Security, by Call Classes and by Tax-Exemption Provisions
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount out-standing</th><th colspan="5">Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,058 institutions</th><th colspan="2">6,295 banks</th><th colspan="3">763 insurance companies</th></tr><tr><th></th><th></th><th>Total</th><th>5,601 commercial banks</th><th>494 mutual savings banks</th><th>Total</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>1,604</td><td>1,133</td><td>1,126</td><td>1,098</td><td>29</td><td>7</td><td>-</td><td>7</td><td>-</td><td>471</td></tr><tr><td>Notes</td><td>5,698</td><td>3,368</td><td>3,109</td><td>2,925</td><td>184</td><td>260</td><td>170</td><td>89</td><td>870</td><td>1,460</td></tr><tr><td>Bonds</td><td>30,365</td><td>19,959</td><td>13,851</td><td>10,944</td><td>2,907</td><td>6,108</td><td>4,958</td><td>1,150</td><td>3,411</td><td>6,994</td></tr><tr><td>Guaranteed issues 3/</td><td>6,928</td><td>5,160</td><td>4,840</td><td>4,565</td><td>275</td><td>619</td><td>510</td><td>109</td><td>275</td><td>1,193</td></tr><tr><td>Total</td><td>44,595</td><td>29,920</td><td>22,927</td><td>19,532</td><td>3,395</td><td>6,993</td><td>5,638</td><td>1,355</td><td>4,556</td><td>10,119</td></tr><tr><td>2. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>4,769</td><td>3,501</td><td>3,288</td><td>3,156</td><td>132</td><td>213</td><td>151</td><td>63</td><td>189</td><td>1,079</td></tr><tr><td>1 to 5 years</td><td>18,071</td><td>11,666</td><td>9,518</td><td>8,525</td><td>993</td><td>2,148</td><td>1,686</td><td>462</td><td>1,856</td><td>4,549</td></tr><tr><td>5 to 10 years</td><td>9,940</td><td>7,263</td><td>5,384</td><td>4,318</td><td>1,066</td><td>1,880</td><td>1,530</td><td>349</td><td>1,079</td><td>1,598</td></tr><tr><td>10 to 15 years</td><td>8,362</td><td>5,145</td><td>3,737</td><td>2,710</td><td>1,027</td><td>1,408</td><td>1,176</td><td>232</td><td>1,037</td><td>2,181</td></tr><tr><td>15 to 20 years</td><td>3,436</td><td>2,330</td><td>994</td><td>817</td><td>176</td><td>1,337</td><td>1,087</td><td>250</td><td>395</td><td>710</td></tr><tr><td>Federal Housing Administration debentures</td><td>17</td><td>15</td><td>6</td><td>6</td><td>1</td><td>9</td><td>9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>44,595</td><td>29,920</td><td>22,927</td><td>19,532</td><td>3,395</td><td>6,993</td><td>5,638</td><td>1,355</td><td>4,556</td><td>10,119</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>4,663</td><td>2,357</td><td>2,168</td><td>2,049</td><td>119</td><td>190</td><td>122</td><td>68</td><td>833</td><td>1,473</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>31,882</td><td>21,274</td><td>15,275</td><td>13,024</td><td>2,250</td><td>5,999</td><td>4,820</td><td>1,179</td><td>3,351</td><td>7,257</td></tr><tr><td>Subject to Federal income taxes</td><td>8,051</td><td>6,289</td><td>5,485</td><td>4,459</td><td>1,026</td><td>804</td><td>697</td><td>108</td><td>373</td><td>1,389</td></tr><tr><td>Total</td><td>44,595</td><td>29,920</td><td>22,927</td><td>19,532</td><td>3,395</td><td>6,993</td><td>5,638</td><td>1,355</td><td>4,556</td><td>10,119</td></tr></table>
(Continued on following page)
33
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941 - (Continued)
Table 1.- Analysis of Ownership by Type of Security, by Call Classes and by Tax-Exemption Provisions - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY CLASSES OF SECURITIES
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount out-standing</th><th colspan="7">Public marketable interest-bearing securities 1/ Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,058 institutions</th><th>Total</th><th>6,295 banks</th><th>5,801 commercial banks</th><th>494 mutual savings banks</th><th>763 insurance companies</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>3.6</td><td>3.8</td><td>4.9</td><td>5.6</td><td>.9</td><td>.1</td><td>-</td><td>.5</td><td>-</td><td>4.7</td></tr><tr><td>Notes</td><td>12.8</td><td>11.3</td><td>13.6</td><td>15.0</td><td>5.4</td><td>3.7</td><td>3.0</td><td>6.6</td><td>19.1</td><td>14.4</td></tr><tr><td>Bonds</td><td>68.1</td><td>66.7</td><td>60.4</td><td>56.0</td><td>85.6</td><td>87.3</td><td>87.9</td><td>84.9</td><td>74.9</td><td>69.1</td></tr><tr><td>Guaranteed issues 3/</td><td>15.5</td><td>18.2</td><td>21.1</td><td>23.4</td><td>8.1</td><td>8.9</td><td>9.0</td><td>8.0</td><td>6.0</td><td>11.8</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>2. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>10.7</td><td>11.7</td><td>14.3</td><td>16.2</td><td>3.9</td><td>3.0</td><td>2.7</td><td>4.6</td><td>4.1</td><td>10.7</td></tr><tr><td>1 to 5 years</td><td>40.5</td><td>39.0</td><td>41.5</td><td>43.6</td><td>29.2</td><td>30.7</td><td>29.9</td><td>34.1</td><td>40.7</td><td>45.0</td></tr><tr><td>5 to 10 years</td><td>22.3</td><td>24.3</td><td>23.5</td><td>22.1</td><td>31.4</td><td>26.9</td><td>27.1</td><td>25.8</td><td>23.7</td><td>15.8</td></tr><tr><td>10 to 15 years</td><td>18.8</td><td>17.2</td><td>16.3</td><td>13.9</td><td>30.3</td><td>20.1</td><td>20.9</td><td>17.1</td><td>22.8</td><td>21.6</td></tr><tr><td>15 to 20 years</td><td>7.7</td><td>7.8</td><td>4.3</td><td>4.2</td><td>5.2</td><td>19.1</td><td>19.3</td><td>18.5</td><td>8.7</td><td>7.0</td></tr><tr><td>Federal Housing Administration debentures</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>10.5</td><td>7.9</td><td>9.5</td><td>10.5</td><td>3.5</td><td>2.7</td><td>2.2</td><td>5.0</td><td>18.3</td><td>14.6</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>71.5</td><td>71.1</td><td>66.6</td><td>66.7</td><td>66.3</td><td>85.8</td><td>85.5</td><td>87.0</td><td>73.6</td><td>71.7</td></tr><tr><td>Subject to Federal income taxes</td><td>18.1</td><td>21.0</td><td>23.9</td><td>22.8</td><td>30.2</td><td>11.5</td><td>12.4</td><td>8.0</td><td>8.2</td><td>13.7</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr></table>
PART C - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th rowspan="2">Classification</th><th colspan="7">Public marketable interest-bearing securities 1/</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total amount outstanding</th><th>Total 7,058 institutions</th><th colspan="4">Held by banks and insurance companies covered in Treasury survey</th></tr><tr><th></th><th></th><th></th><th>6,295 banks</th><th>494 commercial banks</th><th>494 mutual savings banks</th><th>763 insurance companies</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>100.0</td><td>70.6</td><td>70.2</td><td>68.5</td><td>1.8</td><td>1.4</td><td>-</td><td>1.4</td><td>29.4</td></tr><tr><td>Notes</td><td>100.0</td><td>59.1</td><td>54.6</td><td>51.3</td><td>3.2</td><td>4.6</td><td>3.0</td><td>1.6</td><td>25.6</td></tr><tr><td>Bonds</td><td>100.0</td><td>65.7</td><td>45.6</td><td>36.0</td><td>9.6</td><td>20.1</td><td>16.3</td><td>3.8</td><td>23.0</td></tr><tr><td>Guaranteed issues 3/</td><td>100.0</td><td>78.8</td><td>69.9</td><td>65.9</td><td>4.0</td><td>8.9</td><td>7.4</td><td>1.6</td><td>17.2</td></tr><tr><td>Total</td><td>100.0</td><td>67.1</td><td>51.4</td><td>43.8</td><td>7.6</td><td>15.7</td><td>12.6</td><td>3.0</td><td>22.7</td></tr><tr><td>2. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>100.0</td><td>73.4</td><td>68.9</td><td>66.2</td><td>2.8</td><td>4.5</td><td>3.2</td><td>1.3</td><td>22.6</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>64.6</td><td>52.7</td><td>47.2</td><td>5.5</td><td>11.9</td><td>9.3</td><td>2.6</td><td>25.2</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>73.1</td><td>54.2</td><td>43.4</td><td>10.7</td><td>18.9</td><td>15.4</td><td>3.5</td><td>16.1</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>61.5</td><td>44.7</td><td>32.4</td><td>12.3</td><td>16.8</td><td>14.1</td><td>2.8</td><td>26.1</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>67.8</td><td>28.9</td><td>23.8</td><td>5.1</td><td>38.9</td><td>31.6</td><td>7.3</td><td>20.7</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>87.0</td><td>36.7</td><td>33.7</td><td>3.0</td><td>50.3</td><td>50.3</td><td>1.6</td><td>13.0</td></tr><tr><td>Total</td><td>100.0</td><td>67.1</td><td>51.4</td><td>43.8</td><td>7.6</td><td>15.7</td><td>12.6</td><td>3.0</td><td>22.7</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 3/</td><td>100.0</td><td>50.5</td><td>46.5</td><td>43.9</td><td>2.6</td><td>4.1</td><td>2.6</td><td>1.5</td><td>17.9</td></tr><tr><td>Partially exempt from Federal income taxes 3/</td><td>100.0</td><td>66.7</td><td>47.9</td><td>40.9</td><td>7.1</td><td>18.8</td><td>15.1</td><td>3.7</td><td>22.6</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>78.1</td><td>68.1</td><td>55.4</td><td>12.7</td><td>10.0</td><td>8.7</td><td>1.3</td><td>17.3</td></tr><tr><td>Total</td><td>100.0</td><td>67.1</td><td>51.4</td><td>43.8</td><td>7.6</td><td>15.7</td><td>12.6</td><td>3.0</td><td>22.7</td></tr></table>
Notes: Figures are rounded to the nearest million or the nearest one-tenth of one percent and will not necessarily add to total.
* Less than $500,000 or less than .05%.
1/ Public marketable securities include all securities issued except (1) special issues to Government agencies and trust funds, (2) adjusted service bonds, (3) depository bonds, (4) United States savings bonds, and (5) tax series notes. Such obligations were held by institutions reporting, as follows: (1) depository bonds: commercial banks - $46 millions; (2) United States savings bonds: commercial banks - $175 millions, mutual savings banks - $22 millions, insurance companies - $33 millions, all institutions - $230 millions; (3) tax series notes: commercial banks - $26 millions, insurance companies - $8 millions, all institutions - $34 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Excludes obligations sold directly to the Treasury.
4/ Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
5/ Securities the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
34
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="6">Public marketable interest-bearing securities 1/ Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total 7,058 institutions</th><th colspan="3">6,295 banks</th><th colspan="3">763 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th>Total</th><th>5,601 commercial banks</th><th>494 mutual savings banks</th><th>Total</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>I. Wholly exempt from Federal income taxes 3/ Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/4% December 1941</td><td>204</td><td>88</td><td>72</td><td>65</td><td>8</td><td>16</td><td>11</td><td>5</td><td>43</td><td>73</td></tr><tr><td>1-3/4% March 1942</td><td>426</td><td>249</td><td>224</td><td>196</td><td>28</td><td>25</td><td>17</td><td>8</td><td>87</td><td>91</td></tr><tr><td>2% September 1942</td><td>342</td><td>132</td><td>101</td><td>85</td><td>17</td><td>30</td><td>24</td><td>6</td><td>65</td><td>146</td></tr><tr><td>1-3/4% December 1942</td><td>232</td><td>103</td><td>87</td><td>78</td><td>10</td><td>16</td><td>7</td><td>8</td><td>31</td><td>99</td></tr><tr><td>1-1/2% June 1943</td><td>629</td><td>321</td><td>306</td><td>289</td><td>17</td><td>16</td><td>4</td><td>11</td><td>120</td><td>188</td></tr><tr><td>1% September 1943</td><td>280</td><td>200</td><td>195</td><td>185</td><td>7</td><td>5</td><td>3</td><td>2</td><td>37</td><td>42</td></tr><tr><td>1-1/2% December 1943</td><td>421</td><td>196</td><td>159</td><td>148</td><td>11</td><td>37</td><td>30</td><td>7</td><td>74</td><td>151</td></tr><tr><td>1% March 1944</td><td>515</td><td>298</td><td>290</td><td>283</td><td>8</td><td>8</td><td>2</td><td>6</td><td>111</td><td>106</td></tr><tr><td>3/4% June 1944</td><td>416</td><td>253</td><td>247</td><td>239</td><td>8</td><td>6</td><td>3</td><td>4</td><td>77</td><td>85</td></tr><tr><td>1% September 1944</td><td>283</td><td>36</td><td>36</td><td>33</td><td>3</td><td>1</td><td>0</td><td>1</td><td>61</td><td>186</td></tr><tr><td>3/4% March 1945</td><td>718</td><td>466</td><td>437</td><td>434</td><td>3</td><td>30</td><td>20</td><td>10</td><td>96</td><td>155</td></tr><tr><td>Total notes</td><td>4,467</td><td>2,343</td><td>2,154</td><td>2,036</td><td>118</td><td>189</td><td>122</td><td>68</td><td>801</td><td>1,323</td></tr><tr><td>Bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>117</td><td>14</td><td>13</td><td>13</td><td>0</td><td>1</td><td>0</td><td>0</td><td>32</td><td>72</td></tr><tr><td>Panama Canal</td><td>50</td><td>1</td><td>1</td><td>1</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>49</td></tr><tr><td>Conversion</td><td>29</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>0</td><td>29</td></tr><tr><td>Total bonds</td><td>196</td><td>14</td><td>14</td><td>13</td><td>0</td><td>1</td><td>0</td><td>0</td><td>32</td><td>150</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>4,663</td><td>2,357</td><td>2,168</td><td>2,049</td><td>119</td><td>190</td><td>122</td><td>68</td><td>833</td><td>1,473</td></tr><tr><td>II. Partially exempt from Federal income taxes 4/ Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-3/4% June 1943-47</td><td>954</td><td>255</td><td>198</td><td>143</td><td>55</td><td>57</td><td>44</td><td>13</td><td>59</td><td>139</td></tr><tr><td>3-1/4% October 1943-45</td><td>1,401</td><td>772</td><td>582</td><td>501</td><td>81</td><td>190</td><td>137</td><td>53</td><td>117</td><td>512</td></tr><tr><td>3-1/4% April 1944-46</td><td>1,519</td><td>901</td><td>661</td><td>579</td><td>82</td><td>240</td><td>188</td><td>52</td><td>145</td><td>474</td></tr><tr><td>1% December 1944-54</td><td>1,037</td><td>631</td><td>428</td><td>358</td><td>70</td><td>204</td><td>158</td><td>46</td><td>100</td><td>306</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>788</td><td>564</td><td>480</td><td>84</td><td>224</td><td>178</td><td>46</td><td>110</td><td>317</td></tr><tr><td>2-1/2% December 1945-56</td><td>541</td><td>417</td><td>318</td><td>288</td><td>31</td><td>99</td><td>64</td><td>34</td><td>29</td><td>95</td></tr><tr><td>3-3/4% March 1946-56</td><td>429</td><td>315</td><td>198</td><td>147</td><td>51</td><td>117</td><td>100</td><td>17</td><td>58</td><td>116</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>641</td><td>445</td><td>350</td><td>94</td><td>196</td><td>163</td><td>33</td><td>187</td><td>208</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>468</td><td>331</td><td>242</td><td>89</td><td>157</td><td>132</td><td>25</td><td>84</td><td>268</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>414</td><td>243</td><td>161</td><td>82</td><td>172</td><td>113</td><td>58</td><td>80</td><td>265</td></tr><tr><td>2% December 1947</td><td>701</td><td>572</td><td>497</td><td>476</td><td>22</td><td>75</td><td>53</td><td>22</td><td>34</td><td>95</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,224</td><td>911</td><td>661</td><td>527</td><td>134</td><td>249</td><td>210</td><td>39</td><td>158</td><td>155</td></tr><tr><td>2-1/2% September 1948-50</td><td>451</td><td>354</td><td>277</td><td>253</td><td>24</td><td>78</td><td>66</td><td>11</td><td>26</td><td>70</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>470</td><td>405</td><td>392</td><td>13</td><td>65</td><td>44</td><td>21</td><td>52</td><td>49</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>383</td><td>241</td><td>158</td><td>83</td><td>148</td><td>111</td><td>37</td><td>43</td><td>60</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,208</td><td>938</td><td>777</td><td>161</td><td>270</td><td>220</td><td>50</td><td>269</td><td>309</td></tr><tr><td>2-1/2% September 1950-52</td><td>1,186</td><td>884</td><td>666</td><td>521</td><td>145</td><td>218</td><td>176</td><td>42</td><td>134</td><td>168</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,174</td><td>701</td><td>503</td><td>198</td><td>473</td><td>412</td><td>61</td><td>197</td><td>255</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>295</td><td>200</td><td>112</td><td>89</td><td>94</td><td>75</td><td>20</td><td>122</td><td>339</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>805</td><td>731</td><td>664</td><td>67</td><td>74</td><td>58</td><td>16</td><td>167</td><td>147</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>627</td><td>594</td><td>568</td><td>26</td><td>33</td><td>16</td><td>16</td><td>44</td><td>54</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>534</td><td>398</td><td>358</td><td>40</td><td>136</td><td>107</td><td>29</td><td>43</td><td>99</td></tr><tr><td>2-7/8% March 1955-60</td><td>2,611</td><td>1,100</td><td>523</td><td>364</td><td>159</td><td>577</td><td>468</td><td>109</td><td>444</td><td>1,067</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>592</td><td>316</td><td>251</td><td>65</td><td>276</td><td>231</td><td>45</td><td>177</td><td>213</td></tr><tr><td>2-3/4% June 1958-63</td><td>919</td><td>661</td><td>265</td><td>210</td><td>56</td><td>416</td><td>381</td><td>75</td><td>95</td><td>143</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,056</td><td>411</td><td>356</td><td>56</td><td>645</td><td>515</td><td>130</td><td>123</td><td>306</td></tr><tr><td>Total Treasury bonds</td><td>26,561</td><td>17,273</td><td>11,793</td><td>9,736</td><td>2,056</td><td>5,481</td><td>4,383</td><td>1,093</td><td>3,060</td><td>6,228</td></tr></table>
(Continued on following page)
35
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART A
- PAR VALUES IN MILLIONS OF DOLLARS-(Continued)
<table><tr><th rowspan="2">Issue, classified by tax-exemption provision</th><th colspan="9">Public marketable interest-bearing securities 1/</th></tr><tr><th>Total amount outstanding</th><th>Total 7,058 institutions</th><th colspan="4">Held by banks and insurance companies covered in Treasury survey</th><th colspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th colspan="2">6,295 banks</th><th colspan="3">763 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,801 commercial banks</th><th>494 mutual savings banks</th><th>Total</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>II. Partially exempt from Federal income taxes 3/ (continued)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1% November 1941</td><td>204</td><td>175</td><td>168</td><td>166</td><td>2</td><td>7</td><td>3</td><td>5</td><td>29</td></tr><tr><td>3/4% May 1943</td><td>290</td><td>251</td><td>242</td><td>240</td><td>2</td><td>9</td><td>5</td><td>4</td><td>39</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% January 1942-47</td><td>237</td><td>153</td><td>103</td><td>92</td><td>11</td><td>51</td><td>47</td><td>3</td><td>82</td></tr><tr><td>2-3/4% March 1942-47</td><td>103</td><td>85</td><td>66</td><td>58</td><td>9</td><td>18</td><td>17</td><td>1</td><td>19</td></tr><tr><td>3-1/4% March 1944-64</td><td>95</td><td>59</td><td>28</td><td>18</td><td>10</td><td>32</td><td>30</td><td>2</td><td>35</td></tr><tr><td>3% May 1944-49</td><td>835</td><td>515</td><td>359</td><td>328</td><td>31</td><td>157</td><td>143</td><td>14</td><td>96</td></tr><tr><td>Federal Housing Administration debentures</td><td>17</td><td>15</td><td>6</td><td>6</td><td>1</td><td>9</td><td>9</td><td>-</td><td>2</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4% May 1942-44</td><td>875</td><td>731</td><td>709</td><td>678</td><td>31</td><td>22</td><td>10</td><td>12</td><td>23</td></tr><tr><td>3% May 1944-52</td><td>779</td><td>372</td><td>278</td><td>219</td><td>59</td><td>94</td><td>85</td><td>10</td><td>141</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>672</td><td>622</td><td>600</td><td>22</td><td>51</td><td>42</td><td>8</td><td>6</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% November 1941</td><td>300</td><td>265</td><td>224</td><td>222</td><td>2</td><td>41</td><td>26</td><td>15</td><td>-</td></tr><tr><td>7/8% January 1942</td><td>310</td><td>276</td><td>263</td><td>255</td><td>8</td><td>13</td><td>10</td><td>3</td><td>34</td></tr><tr><td>1% July 1942</td><td>276</td><td>238</td><td>226</td><td>221</td><td>5</td><td>12</td><td>8</td><td>4</td><td>38</td></tr><tr><td>United States Housing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1/4% November 1941</td><td>112</td><td>95</td><td>94</td><td>93</td><td>1</td><td>1</td><td>1</td><td>-</td><td>17</td></tr><tr><td>1-3/8% February 1944</td><td>114</td><td>99</td><td>95</td><td>93</td><td>2</td><td>4</td><td>2</td><td>2</td><td>15</td></tr><tr><td>Total guaranteed issues</td><td>5,301</td><td>4,001</td><td>3,482</td><td>3,288</td><td>194</td><td>519</td><td>437</td><td>82</td><td>271</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>31,882</td><td>21,274</td><td>15,275</td><td>13,024</td><td>2,250</td><td>5,999</td><td>4,820</td><td>1,179</td><td>3,351</td></tr><tr><td>III. Subject to Federal income taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>7,257</td></tr><tr><td>Bills</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 1941 maturities</td><td>701</td><td>531</td><td>528</td><td>515</td><td>13</td><td>4</td><td>-</td><td>4</td><td>170</td></tr><tr><td>October 1941 maturities</td><td>501</td><td>326</td><td>323</td><td>315</td><td>9</td><td>3</td><td>-</td><td>3</td><td>176</td></tr><tr><td>November 1941 maturities</td><td>401</td><td>276</td><td>275</td><td>268</td><td>7</td><td>0</td><td>-</td><td>0</td><td>126</td></tr><tr><td>Total bills</td><td>1,604</td><td>1,133</td><td>1,126</td><td>1,098</td><td>29</td><td>7</td><td>-</td><td>7</td><td>471</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>66</td><td>16</td><td>14</td><td>12</td><td>2</td><td>2</td><td>-</td><td>2</td><td>39</td></tr><tr><td>3/4% September 1944</td><td>635</td><td>539</td><td>504</td><td>467</td><td>37</td><td>35</td><td>23</td><td>11</td><td>20</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>471</td><td>437</td><td>411</td><td>26</td><td>34</td><td>24</td><td>10</td><td>9</td></tr><tr><td>Total notes</td><td>1,232</td><td>1,026</td><td>955</td><td>890</td><td>66</td><td>71</td><td>49</td><td>22</td><td>69</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>138</td></tr><tr><td>2% March 1948-50</td><td>1,115</td><td>887</td><td>754</td><td>550</td><td>204</td><td>133</td><td>123</td><td>10</td><td>87</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>694</td><td>582</td><td>280</td><td>303</td><td>112</td><td>103</td><td>9</td><td>115</td></tr><tr><td>2-1/2% March 1956-58</td><td>1,449</td><td>1,091</td><td>709</td><td>365</td><td>344</td><td>382</td><td>349</td><td>33</td><td>98</td></tr><tr><td>Total Treasury bonds</td><td>3,588</td><td>2,672</td><td>2,045</td><td>1,194</td><td>851</td><td>627</td><td>575</td><td>52</td><td>300</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>617</td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/8% February 1945</td><td>412</td><td>368</td><td>327</td><td>303</td><td>24</td><td>40</td><td>31</td><td>9</td><td>2</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>43</td></tr><tr><td>7/8% October 1942</td><td>320</td><td>289</td><td>271</td><td>260</td><td>11</td><td>18</td><td>17</td><td>1</td><td>1</td></tr><tr><td>1-1/8% July 1943</td><td>324</td><td>295</td><td>276</td><td>262</td><td>14</td><td>19</td><td>11</td><td>9</td><td>1</td></tr><tr><td>1% April 1944</td><td>571</td><td>507</td><td>484</td><td>452</td><td>33</td><td>23</td><td>14</td><td>9</td><td>1</td></tr><tr><td>Total guaranteed issues</td><td>1,627</td><td>1,459</td><td>1,358</td><td>1,277</td><td>81</td><td>100</td><td>73</td><td>28</td><td>4</td></tr><tr><td>Total subject to Federal income taxes</td><td>8,051</td><td>6,289</td><td>5,485</td><td>4,459</td><td>1,026</td><td>804</td><td>697</td><td>108</td><td>373</td></tr><tr><td>IV. Grand total</td><td>44,995</td><td>29,920</td><td>22,927</td><td>19,532</td><td>3,395</td><td>6,993</td><td>5,638</td><td>1,355</td><td>4,556</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>10,119</td></tr></table>
(Continued on following page)
36
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th rowspan="2">Issue, classified by tax-exemption provision</th><th rowspan="2">Total amount outstanding</th><th colspan="7">Public marketable interest-bearing securities 1/ Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,058 institutions</th><th>Total</th><th>6,295 banks</th><th>5,801 commercial banks</th><th>494 mutual savings banks</th><th>763 insurance companies</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th></tr><tr><td colspan="11">I. Wholly exempt from Federal income taxes 3/</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/4% December 1941</td><td>100.0</td><td>43.1</td><td>35.3</td><td>31.9</td><td>3.9</td><td>7.8</td><td>5.4</td><td>2.5</td><td>21.1</td><td>35.8</td></tr><tr><td>1-3/4% March 1942</td><td>100.0</td><td>58.3</td><td>52.6</td><td>46.1</td><td>6.5</td><td>5.8</td><td>4.0</td><td>1.8</td><td>20.3</td><td>21.4</td></tr><tr><td>2% September 1942</td><td>100.0</td><td>38.5</td><td>29.6</td><td>24.7</td><td>5.0</td><td>5.8</td><td>7.1</td><td>1.7</td><td>18.9</td><td>42.6</td></tr><tr><td>1-3/4% December 1942</td><td>100.0</td><td>44.2</td><td>37.5</td><td>33.3</td><td>4.2</td><td>6.7</td><td>3.2</td><td>3.4</td><td>13.3</td><td>42.5</td></tr><tr><td>1-1/8% June 1943</td><td>100.0</td><td>51.0</td><td>48.6</td><td>45.9</td><td>2.7</td><td>2.5</td><td>.6</td><td>1.7</td><td>19.1</td><td>29.9</td></tr><tr><td>1% September 1943</td><td>100.0</td><td>71.7</td><td>69.7</td><td>67.1</td><td>2.6</td><td>1.9</td><td>1.1</td><td>.9</td><td>13.2</td><td>15.1</td></tr><tr><td>1-1/8% December 1943</td><td>100.0</td><td>46.6</td><td>37.8</td><td>35.2</td><td>2.6</td><td>8.8</td><td>7.1</td><td>1.7</td><td>17.6</td><td>35.9</td></tr><tr><td>1% March 1944</td><td>100.0</td><td>57.9</td><td>56.3</td><td>55.0</td><td>1.6</td><td>1.6</td><td>.4</td><td>1.2</td><td>21.6</td><td>20.6</td></tr><tr><td>3/4% June 1944</td><td>100.0</td><td>60.8</td><td>59.4</td><td>57.5</td><td>1.8</td><td>1.5</td><td>.6</td><td>.8</td><td>18.6</td><td>20.6</td></tr><tr><td>1% September 1944</td><td>100.0</td><td>12.9</td><td>12.7</td><td>11.6</td><td>1.1</td><td>.2</td><td>*</td><td>.2</td><td>21.4</td><td>65.7</td></tr><tr><td>3/4% March 1945</td><td>100.0</td><td>64.9</td><td>60.9</td><td>60.4</td><td>.4</td><td>4.2</td><td>2.8</td><td>1.4</td><td>13.4</td><td>21.6</td></tr><tr><td>Total notes</td><td>100.0</td><td>52.5</td><td>48.2</td><td>45.6</td><td>2.6</td><td>4.2</td><td>2.7</td><td>1.5</td><td>17.9</td><td>29.6</td></tr><tr><td>Bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>100.0</td><td>11.6</td><td>11.1</td><td>10.8</td><td>.3</td><td>.4</td><td>.1</td><td>.4</td><td>26.8</td><td>61.6</td></tr><tr><td>Panama Canal</td><td>100.0</td><td>1.4</td><td>1.2</td><td>1.2</td><td>-</td><td>.2</td><td>.2</td><td>*</td><td>-</td><td>98.6</td></tr><tr><td>Conversion</td><td>100.0</td><td>.3</td><td>.3</td><td>.3</td><td>-</td><td>*</td><td>-</td><td>*</td><td>-</td><td>99.7</td></tr><tr><td>Total bonds</td><td>100.0</td><td>7.3</td><td>7.0</td><td>6.8</td><td>.2</td><td>.3</td><td>.1</td><td>.2</td><td>16.1</td><td>76.6</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>100.0</td><td>50.5</td><td>46.5</td><td>43.9</td><td>2.6</td><td>4.1</td><td>2.6</td><td>1.5</td><td>17.9</td><td>31.6</td></tr><tr><td colspan="11">II. Partially exempt from Federal income taxes 4/</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-3/8% June 1943-47</td><td>100.0</td><td>56.2</td><td>43.6</td><td>31.5</td><td>12.1</td><td>12.6</td><td>9.7</td><td>2.9</td><td>13.0</td><td>30.6</td></tr><tr><td>3-1/4% October 1943-45</td><td>100.0</td><td>55.1</td><td>41.5</td><td>35.8</td><td>5.8</td><td>13.6</td><td>9.8</td><td>3.8</td><td>8.4</td><td>36.5</td></tr><tr><td>3-1/4% April 1944-46</td><td>100.0</td><td>59.3</td><td>43.5</td><td>38.1</td><td>5.4</td><td>15.8</td><td>12.4</td><td>3.4</td><td>9.5</td><td>31.2</td></tr><tr><td>4% December 1944-54</td><td>100.0</td><td>60.8</td><td>41.3</td><td>34.5</td><td>6.8</td><td>19.7</td><td>15.2</td><td>4.4</td><td>9.6</td><td>29.5</td></tr><tr><td>2-3/4% September 1945-47</td><td>100.0</td><td>64.9</td><td>46.5</td><td>39.5</td><td>6.9</td><td>18.5</td><td>14.7</td><td>3.8</td><td>9.1</td><td>26.1</td></tr><tr><td>2-1/2% December 1945</td><td>100.0</td><td>77.1</td><td>58.8</td><td>53.2</td><td>5.7</td><td>18.3</td><td>11.8</td><td>6.3</td><td>5.4</td><td>17.6</td></tr><tr><td>3-3/4% March 1946-56</td><td>100.0</td><td>64.4</td><td>40.5</td><td>30.1</td><td>10.4</td><td>23.9</td><td>20.4</td><td>3.5</td><td>11.9</td><td>23.7</td></tr><tr><td>3% June 1946-48</td><td>100.0</td><td>61.9</td><td>43.0</td><td>33.8</td><td>9.1</td><td>18.9</td><td>15.7</td><td>3.2</td><td>18.1</td><td>20.1</td></tr><tr><td>3-1/8% June 1946-49</td><td>100.0</td><td>59.6</td><td>40.4</td><td>29.5</td><td>10.9</td><td>19.2</td><td>16.1</td><td>3.1</td><td>7.8</td><td>32.7</td></tr><tr><td>4-1/4% October 1947-52</td><td>100.0</td><td>54.5</td><td>32.0</td><td>21.2</td><td>10.8</td><td>22.5</td><td>14.9</td><td>7.6</td><td>10.5</td><td>34.9</td></tr><tr><td>2% December 1947</td><td>100.0</td><td>81.6</td><td>70.9</td><td>67.9</td><td>3.1</td><td>10.7</td><td>7.6</td><td>3.1</td><td>4.9</td><td>13.6</td></tr><tr><td>2-3/4% March 1948-51</td><td>100.0</td><td>74.4</td><td>54.0</td><td>43.1</td><td>10.9</td><td>20.3</td><td>17.2</td><td>3.2</td><td>12.9</td><td>12.7</td></tr><tr><td>2-1/2% September 1948</td><td>100.0</td><td>78.5</td><td>61.4</td><td>56.1</td><td>5.3</td><td>17.3</td><td>14.6</td><td>2.4</td><td>5.8</td><td>15.5</td></tr><tr><td>2% December 1948-50</td><td>100.0</td><td>82.3</td><td>70.9</td><td>68.7</td><td>2.3</td><td>11.4</td><td>7.7</td><td>3.7</td><td>9.1</td><td>8.6</td></tr><tr><td>3-1/8% December 1949-52</td><td>100.0</td><td>79.0</td><td>49.1</td><td>32.2</td><td>16.9</td><td>30.1</td><td>22.6</td><td>7.5</td><td>8.8</td><td>12.2</td></tr><tr><td>2-1/2% December 1949-53</td><td>100.0</td><td>67.6</td><td>52.5</td><td>43.5</td><td>9.0</td><td>15.1</td><td>12.3</td><td>2.8</td><td>15.1</td><td>17.3</td></tr><tr><td>2-1/2% September 1950-52</td><td>100.0</td><td>74.5</td><td>56.2</td><td>43.9</td><td>12.2</td><td>18.4</td><td>14.8</td><td>3.5</td><td>11.3</td><td>14.2</td></tr><tr><td>2-3/4% June 1951-54</td><td>100.0</td><td>78.2</td><td>43.1</td><td>30.9</td><td>12.2</td><td>29.1</td><td>25.3</td><td>3.7</td><td>12.1</td><td>15.7</td></tr><tr><td>3% September 1951-55</td><td>100.0</td><td>39.1</td><td>26.5</td><td>14.8</td><td>11.8</td><td>12.5</td><td>9.9</td><td>2.6</td><td>16.2</td><td>44.8</td></tr><tr><td>2-1/4% December 1951-53</td><td>100.0</td><td>72.0</td><td>65.4</td><td>59.4</td><td>6.0</td><td>6.6</td><td>5.2</td><td>1.4</td><td>14.9</td><td>13.1</td></tr><tr><td>2% June 1953-55</td><td>100.0</td><td>86.5</td><td>81.9</td><td>78.3</td><td>3.6</td><td>4.6</td><td>2.2</td><td>2.2</td><td>6.1</td><td>7.4</td></tr><tr><td>2-1/4% June 1954-56</td><td>100.0</td><td>78.4</td><td>58.4</td><td>52.6</td><td>5.9</td><td>20.0</td><td>15.7</td><td>4.3</td><td>7.0</td><td>14.5</td></tr><tr><td>2-7/8% March 1955-60</td><td>100.0</td><td>42.1</td><td>20.0</td><td>13.9</td><td>6.1</td><td>22.1</td><td>17.9</td><td>4.2</td><td>17.0</td><td>40.9</td></tr><tr><td>2-3/4% September 1956-59</td><td>100.0</td><td>60.3</td><td>32.2</td><td>25.6</td><td>6.6</td><td>28.1</td><td>23.5</td><td>4.6</td><td>18.0</td><td>21.7</td></tr><tr><td>2-3/4% June 1958-63</td><td>100.0</td><td>74.1</td><td>28.8</td><td>22.9</td><td>6.1</td><td>45.3</td><td>37.1</td><td>8.2</td><td>10.3</td><td>15.6</td></tr><tr><td>2-3/4% December 1960-65</td><td>100.0</td><td>71.1</td><td>27.7</td><td>24.0</td><td>3.8</td><td>43.4</td><td>34.7</td><td>8.8</td><td>8.3</td><td>20.6</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>65.0</td><td>44.4</td><td>36.6</td><td>7.7</td><td>20.6</td><td>16.5</td><td>4.1</td><td>11.6</td><td>23.4</td></tr></table>
(Continued on following page)
37
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, August 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS-(Continued)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th>Total 7,058 institutions</th><th colspan="3">6,295 banks</th><th colspan="3">763 insurance companies</th><th>Hold by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Hold by all other investors</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,801 commercial banks</th><th>494 mutual savings banks</th><th>Total</th><th>198 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td colspan="11">II. Partially exempt from Federal income taxes 4/ (continued)</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1¼ 3/4% November 1941</td><td>100.0</td><td>85.8</td><td>82.4</td><td>81.4</td><td>1.0</td><td>3.4</td><td>1.5</td><td>2.5</td><td>.1</td><td>14.2</td></tr><tr><td>3/4% May 1943</td><td>100.0</td><td>86.6</td><td>83.4</td><td>82.8</td><td>.7</td><td>3.1</td><td>1.7</td><td>1.4</td><td>-</td><td>13.4</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% January 1942-47</td><td>100.0</td><td>64.6</td><td>43.5</td><td>38.8</td><td>4.6</td><td>21.3</td><td>19.8</td><td>1.3</td><td>.8</td><td>34.6</td></tr><tr><td>2-3/4% March 1942-47</td><td>100.0</td><td>82.1</td><td>64.3</td><td>55.8</td><td>8.5</td><td>17.7</td><td>16.5</td><td>1.3</td><td>-</td><td>17.9</td></tr><tr><td>3-1/4% March 1944-64</td><td>100.0</td><td>62.7</td><td>29.3</td><td>19.2</td><td>10.0</td><td>33.5</td><td>31.8</td><td>1.7</td><td>.2</td><td>37.1</td></tr><tr><td>3% May 1944-49</td><td>100.0</td><td>61.7</td><td>43.0</td><td>39.3</td><td>3.7</td><td>18.8</td><td>17.1</td><td>1.7</td><td>11.5</td><td>26.9</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>87.0</td><td>36.7</td><td>33.7</td><td>3.0</td><td>50.3</td><td>50.3</td><td>.6</td><td>-</td><td>13.0</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4% July 1942-44</td><td>100.0</td><td>83.5</td><td>81.0</td><td>77.5</td><td>3.5</td><td>2.5</td><td>1.1</td><td>1.4</td><td>2.6</td><td>13.8</td></tr><tr><td>3% May 1944-52</td><td>100.0</td><td>47.8</td><td>35.7</td><td>28.1</td><td>7.6</td><td>12.1</td><td>10.9</td><td>1.3</td><td>18.1</td><td>34.1</td></tr><tr><td>1-1/2% June 1945-47</td><td>100.0</td><td>89.0</td><td>82.4</td><td>79.5</td><td>2.9</td><td>6.8</td><td>5.6</td><td>1.1</td><td>.8</td><td>10.2</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% November 1941</td><td>100.0</td><td>88.6</td><td>74.9</td><td>74.2</td><td>.8</td><td>13.7</td><td>6.7</td><td>4.9</td><td>-</td><td>11.4</td></tr><tr><td>7/8% January 1942</td><td>100.0</td><td>89.0</td><td>84.8</td><td>82.3</td><td>2.6</td><td>4.2</td><td>3.2</td><td>1.0</td><td>.6</td><td>10.3</td></tr><tr><td>1% July 1942</td><td>100.0</td><td>86.2</td><td>81.9</td><td>80.1</td><td>1.8</td><td>4.3</td><td>2.9</td><td>1.4</td><td>*</td><td>13.8</td></tr><tr><td>United States Housing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1/4% November 1941</td><td>100.0</td><td>84.8</td><td>83.9</td><td>83.0</td><td>.9</td><td>.9</td><td>.9</td><td>*</td><td>-</td><td>15.2</td></tr><tr><td>1-3/8% February 1944</td><td>100.0</td><td>86.7</td><td>83.5</td><td>81.7</td><td>1.8</td><td>3.2</td><td>1.3</td><td>1.9</td><td>.5</td><td>12.8</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>75.5</td><td>65.7</td><td>62.0</td><td>3.7</td><td>9.8</td><td>8.2</td><td>1.5</td><td>5.1</td><td>19.4</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>100.0</td><td>66.7</td><td>47.9</td><td>40.9</td><td>7.1</td><td>18.8</td><td>15.1</td><td>3.7</td><td>10.5</td><td>22.8</td></tr><tr><td colspan="11">III. Subject to Federal income taxes</td></tr><tr><td>Bills</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 1941 maturities</td><td>100.0</td><td>75.7</td><td>75.3</td><td>73.5</td><td>1.9</td><td>.6</td><td>-</td><td>.6</td><td>-</td><td>24.3</td></tr><tr><td>October 1941 maturities</td><td>100.0</td><td>65.1</td><td>64.5</td><td>62.9</td><td>1.8</td><td>.6</td><td>-</td><td>.6</td><td>-</td><td>35.1</td></tr><tr><td>November 1941 maturities</td><td>100.0</td><td>68.8</td><td>66.6</td><td>66.8</td><td>1.7</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>31.4</td></tr><tr><td>Total bills</td><td>100.0</td><td>70.6</td><td>70.2</td><td>68.5</td><td>1.8</td><td>.4</td><td>-</td><td>.4</td><td>-</td><td>29.4</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>100.0</td><td>24.2</td><td>21.2</td><td>17.7</td><td>3.5</td><td>3.2</td><td>2.4</td><td>.6</td><td>59.5</td><td>16.2</td></tr><tr><td>3/4% September 1944</td><td>100.0</td><td>84.9</td><td>79.4</td><td>73.5</td><td>5.8</td><td>5.5</td><td>3.6</td><td>1.7</td><td>3.1</td><td>12.0</td></tr><tr><td>3/4% December 1945</td><td>100.0</td><td>88.7</td><td>82.3</td><td>77.4</td><td>4.9</td><td>6.4</td><td>4.5</td><td>1.9</td><td>1.7</td><td>9.6</td></tr><tr><td>Total notes</td><td>100.0</td><td>83.3</td><td>77.5</td><td>72.2</td><td>5.4</td><td>5.8</td><td>4.0</td><td>1.8</td><td>5.6</td><td>11.2</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% March 1948-50</td><td>100.0</td><td>79.6</td><td>67.6</td><td>49.3</td><td>18.3</td><td>11.9</td><td>11.0</td><td>.9</td><td>7.8</td><td>12.7</td></tr><tr><td>2-1/2% March 1952-54</td><td>100.0</td><td>67.8</td><td>56.8</td><td>27.3</td><td>29.6</td><td>10.9</td><td>10.1</td><td>.9</td><td>11.2</td><td>21.0</td></tr><tr><td>2-1/2% March 1956-58</td><td>100.0</td><td>75.3</td><td>48.9</td><td>25.2</td><td>23.7</td><td>26.4</td><td>24.1</td><td>2.3</td><td>6.8</td><td>17.9</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>74.5</td><td>57.0</td><td>33.3</td><td>23.7</td><td>17.5</td><td>16.0</td><td>1.4</td><td>8.4</td><td>17.2</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/8% February 1945</td><td>100.0</td><td>89.3</td><td>79.4</td><td>73.5</td><td>5.8</td><td>9.7</td><td>7.5</td><td>2.2</td><td>.5</td><td>10.4</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% October 1942</td><td>100.0</td><td>90.3</td><td>84.7</td><td>81.3</td><td>3.4</td><td>5.6</td><td>5.3</td><td>.3</td><td>.3</td><td>9.4</td></tr><tr><td>1-1/8% July 1943</td><td>100.0</td><td>91.0</td><td>85.2</td><td>80.9</td><td>4.3</td><td>5.9</td><td>3.4</td><td>2.8</td><td>.3</td><td>8.6</td></tr><tr><td>1% April 1944</td><td>100.0</td><td>88.8</td><td>84.8</td><td>79.2</td><td>5.8</td><td>4.0</td><td>2.5</td><td>1.6</td><td>.2</td><td>11.0</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>89.7</td><td>83.5</td><td>78.5</td><td>5.0</td><td>6.1</td><td>4.5</td><td>1.7</td><td>.2</td><td>10.1</td></tr><tr><td>Total subject to Federal income taxes</td><td>100.0</td><td>78.1</td><td>68.1</td><td>55.4</td><td>12.7</td><td>10.0</td><td>8.7</td><td>1.3</td><td>4.6</td><td>17.3</td></tr><tr><td>IV. Grand total</td><td>100.0</td><td>67.1</td><td>51.4</td><td>43.6</td><td>7.6</td><td>15.7</td><td>12.6</td><td>3.0</td><td>10.2</td><td>22.7</td></tr></table>
Note: Figures are rounded to the nearest million or the nearest one-tenth of one percent and will not necessarily add to totals.
* Less than $500,000 or less than .05%.
1/ Public marketable securities include all securities issued except (1) special issues to Government agencies and trust funds, (2) adjusted service bonds, (3) depositary bonds, (4) United States savings bonds, and (5) tax series notes. Such obligations were held by institutions reporting, as follows: (1) depository banker commercial banks - $46 millions; (2) United States savings bonds: commercial banks - $175 millions, mutual savings banks - $22 millions, insurance companies - $33 millions, all institutions - $230 millions; (3) tax series notes: commercial banks - $26 millions, insurance companies - $5 millions, all institutions - $34 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
4/ Securities the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
5/ Excludes obligations sold directly to the Treasury.
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
38
39
Assets and Liabilities of Governmental Corporations and Credit Agencies
August 31, 1941
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="10">Assets</th></tr><tr><th>Total</th><th>Loans</th><th>Preferred capital stock, etc.</th><th>Cash 1/</th><th colspan="3">Investments</th><th colspan="4">Interagency assets</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>U. S. Government securities</th><th>Securities guaranteed by United States</th><th>Other</th><th>Accounts and other receivables 2/</th><th>Real estate and other business property</th><th>Due from Government corporations and agencies</th><th>Capital in stock in Government corporations and agencies 3/</th><th>Other assets</th></tr><tr><td>Bank for cooperatives</td><td>141.2</td><td>83.2</td><td>-</td><td>17.0</td><td>22.5</td><td>8.2</td><td>8.4</td><td>1.4</td><td>.1</td><td>*</td><td>-</td><td>.1</td></tr><tr><td>Commodity Credit Corporation</td><td>1,153.3</td><td>178.0</td><td>-</td><td>17.1</td><td>-</td><td>-</td><td>-</td><td>168.4</td><td>3.5</td><td>-</td><td>-</td><td>785.2</td></tr><tr><td>Disaster Loan Corporation</td><td>22.5</td><td>18.2</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>4.1</td><td>*</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Electric House and Farm Authority</td><td>18.8</td><td>18.5</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Export-Import Bank of Washington</td><td>186.2</td><td>143.5</td><td>-</td><td>1.4</td><td>-</td><td>-</td><td>-</td><td>41.1</td><td>*</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration</td><td>278.5</td><td>260.7</td><td>-</td><td>13.8</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>3.9</td></tr><tr><td>Farm Security Administration</td><td>509.7</td><td>469.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30.0</td><td>-</td><td>10.2</td><td>-</td><td>.5</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>16.0</td><td>-</td><td>-</td><td>7.9</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>*</td><td>*</td><td>-</td><td>8.0</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>583.6</td><td>52.0</td><td>-</td><td>18.8</td><td>448.5</td><td>-</td><td>-</td><td>36.8</td><td>*</td><td>-</td><td>-</td><td>27.4</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,470.6</td><td>621.7</td><td>-</td><td>21.7</td><td>-</td><td>-</td><td>761.1</td><td>53.1</td><td>-</td><td>2.4</td><td>-</td><td>10.6</td></tr><tr><td>Federal home loan banks</td><td>287.0</td><td>172.6</td><td>-</td><td>49.4</td><td>52.8</td><td>11.0</td><td>*</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Federal Housing Administration</td><td>89.1</td><td>-</td><td>-</td><td>16.0</td><td>32.3</td><td>-</td><td>-</td><td>29.1</td><td>1.2</td><td>-</td><td>-</td><td>10.5</td></tr><tr><td>Federal intermediate credit banks</td><td>335.2</td><td>260.8</td><td>-</td><td>22.5</td><td>36.0</td><td>-</td><td>-</td><td>2.2</td><td>-</td><td>13.5</td><td>-</td><td>.1</td></tr><tr><td>Federal land banks 4/</td><td>2,241.8</td><td>1,803.9</td><td>-</td><td>54.0</td><td>117.1</td><td>.6</td><td>5.3</td><td>174.9</td><td>5.7</td><td>7.6 5/</td><td>-</td><td>73.3</td></tr><tr><td>Federal National Mortgage Association</td><td>203.9</td><td>197.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td><td>*</td><td>-</td><td>-</td><td>1.3</td></tr><tr><td>Federal Prison industries, Incorporated</td><td>10.6</td><td>-</td><td>-</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>1.4</td><td>4.5</td><td>-</td><td>-</td><td>1.4</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>132.0</td><td>-</td><td>-</td><td>1.4</td><td>25.0</td><td>103.0</td><td>-</td><td>2.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,591.4</td><td>1,840.7</td><td>174.6</td><td>159.4</td><td>-</td><td>-</td><td>-</td><td>5.6</td><td>2.7</td><td>-</td><td>100.0</td><td>308.3</td></tr><tr><td>Inland Waterways Corporation 6/</td><td>25.4</td><td>.4</td><td>-</td><td>.7</td><td>3.8</td><td>-</td><td>-</td><td>.5</td><td>19.9</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.8</td><td>2.8</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>National defense corporations 1/</td><td>418.0</td><td>1.9</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>44.0</td><td>*</td><td>-</td><td>-</td><td>372.1</td></tr><tr><td>Panama Railroad Company 6/</td><td>55.3</td><td>-</td><td>-</td><td>9.2</td><td>2.0</td><td>-</td><td>63.6</td><td>.6</td><td>40.5</td><td>2.5</td><td>-</td><td>.2</td></tr><tr><td>Production credit corporations</td><td>111.3</td><td>-</td><td>-</td><td>.4</td><td>46.6</td><td>-</td><td>-</td><td>.5</td><td>*</td><td>-</td><td>-</td><td>*</td></tr><tr><td>Public Works Administration</td><td>82.2</td><td>82.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>7.6</td><td>4.3</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>3,030.2</td><td>1,203.2</td><td>409.7</td><td>123.2 8/</td><td>50.7</td><td>-</td><td>8.3</td><td>22.6 8/</td><td>.5</td><td>811.4</td><td>351.7</td><td>48.9</td></tr><tr><td>Regional agricultural credit corporations</td><td>22.5</td><td>6.7</td><td>-</td><td>15.3</td><td>-</td><td>-</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>RFC Mortgage Company</td><td>79.5</td><td>68.7</td><td>-</td><td>*</td><td>-</td><td>.4</td><td>-</td><td>1.5</td><td>6.9</td><td>-</td><td>-</td><td>2.0</td></tr><tr><td>Rural Electrification Administration</td><td>322.2</td><td>303.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.9</td><td>-</td><td>13.1</td><td>-</td><td>*</td></tr><tr><td>Tennessee Valley Authority</td><td>431.8</td><td>-</td><td>-</td><td>20.2</td><td>-</td><td>-</td><td>-</td><td>7.6</td><td>403.1</td><td>1.0</td><td>-</td><td>*</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>.3</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>3.0</td><td>127.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>462.6</td><td>305.6</td><td>-</td><td>20.5</td><td>6.2</td><td>-</td><td>-</td><td>3.0</td><td>47.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>561.4</td><td>30.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35.7</td><td>20.0</td><td>-</td><td>11.2</td><td>-</td><td>416.3</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Navy Department (sale of surplus war supplies)</td><td>4.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>.1</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td><td>*</td></tr><tr><td>United States Housing Corporation 6/</td><td>1.9</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Spruce Production Corporation 6/</td><td>.7</td><td>-</td><td>-</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>.4</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Governmental agencies 2/</td><td>225.7</td><td>27.3</td><td>21.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>149.5</td><td>-</td><td>27.6</td></tr><tr><td>Gross total</td><td>16,117.0</td><td>8,157.6</td><td>606.9</td><td>594.1</td><td>843.6</td><td>123.2</td><td>882.8</td><td>671.3</td><td>663.6</td><td>1,022.4</td><td>451.7</td><td>2,099.7</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-1,474.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,022.4</td><td>-451.7</td><td>-</td></tr><tr><td>Net total</td><td>14,642.8</td><td>8,157.6</td><td>606.9</td><td>594.1</td><td>843.6</td><td>123.2</td><td>882.8</td><td>671.3</td><td>663.6</td><td>0</td><td>0</td><td>2,099.7</td></tr></table>
(Continued on next page)
40
Assets and Liabilities of Governmental Corporations and Credit Agencies August 31, 1941 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="4">Liabilities and reserves</th><th rowspan="2">Excess of assets (Total proprietary interest)</th><th rowspan="2">Privately owned</th><th colspan="4">Proprietary interest Owned by United States</th></tr><tr><th>Total</th><th>Guaranteed by United States 10/</th><th>Not guaranteed by United States</th><th>Due to governmental corporations and agencies</th><th>Total</th><th>Capital stock</th><th>Surplus</th><th>Non-stock</th></tr><tr><td>Banks for cooperatives</td><td>15.6</td><td>-</td><td>.1</td><td>13.5</td><td>2.0</td><td>125.6</td><td>4.9</td><td>120.7</td><td>100.5</td><td>20.2</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>1,051.7</td><td>907.4</td><td>45.4</td><td>-</td><td>98.9</td><td>101.6</td><td>-</td><td>101.6</td><td>100.0</td><td>1.6</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>22.4</td><td>-</td><td>22.4</td><td>24.0</td><td>-1.6</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>17.5</td><td>-</td><td>17.4</td><td>-</td><td>.2</td><td>1.2</td><td>-</td><td>1.2</td><td>.9</td><td>.4</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>185.9</td><td>-</td><td>185.9</td><td>175.0</td><td>10.9</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>220.8</td><td>-</td><td>.4</td><td>-</td><td>220.4</td><td>57.1</td><td>-</td><td>57.1</td><td>-</td><td>-</td><td>57.7</td></tr><tr><td>Farm Security Administration</td><td>125.9</td><td>-</td><td>29.6</td><td>96.2</td><td>-</td><td>363.9</td><td>-</td><td>363.9</td><td>-</td><td>-</td><td>363.9</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>2.0</td><td>-</td><td>.1</td><td>-</td><td>1.8</td><td>14.0</td><td>-</td><td>14.0</td><td>14.0</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>294.3</td><td>-</td><td>18.8</td><td>-</td><td>275.5</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,370.6</td><td>1,281.8</td><td>40.9</td><td>1.8</td><td>46.1</td><td>100.0</td><td>-</td><td>100.0</td><td>100.0</td><td>-</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>102.5</td><td>-</td><td>102.5</td><td>-</td><td>-</td><td>184.5</td><td>59.7</td><td>124.7</td><td>124.7</td><td>-</td><td>67.5</td></tr><tr><td>Federal Housing Administration</td><td>21.6</td><td>17.1</td><td>4.4</td><td>-</td><td>.1</td><td>67.5</td><td>-</td><td>67.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal intermediate credit banks</td><td>250.0</td><td>-</td><td>249.3</td><td>-</td><td>.7</td><td>65.2</td><td>-</td><td>65.2</td><td>60.0</td><td>25.2</td><td>-</td></tr><tr><td>Federal land banks 4/</td><td>1,606.8</td><td>-</td><td>1,769.0</td><td>.9</td><td>36.8</td><td>435.0</td><td>221.7</td><td>213.3</td><td>67.3</td><td>146.0 5/</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>184.4</td><td>-</td><td>89.6</td><td>94.8</td><td>-</td><td>19.5</td><td>-</td><td>19.5</td><td>10.0</td><td>9.5</td><td>-</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>.5</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>10.1</td><td>-</td><td>10.1</td><td>-</td><td>6.0</td><td>4.1</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1.5</td><td>-</td><td>1.5</td><td>-</td><td>-</td><td>130.5</td><td>-</td><td>130.5</td><td>100.0</td><td>30.5</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,484.7</td><td>2,432.7</td><td>23.8</td><td>-</td><td>28.2</td><td>106.7</td><td>-</td><td>106.7</td><td>200.0</td><td>-93.3</td><td>-</td></tr><tr><td>Inland Waterways Corporation 6/</td><td>1.2</td><td>-</td><td>.9</td><td>-</td><td>.3</td><td>24.2</td><td>-</td><td>24.2</td><td>12.0</td><td>12.2</td><td>-</td></tr><tr><td>Interior Department (Indian loans)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.8</td><td>-</td><td>2.8</td><td>-</td><td>-</td><td>2.8</td></tr><tr><td>National defense corporations 1/</td><td>363.3</td><td>-</td><td>17.9</td><td>365.4</td><td>-</td><td>34.7</td><td>-</td><td>34.7</td><td>27.0</td><td>7.7</td><td>-</td></tr><tr><td>Panama Railroad Company 6/</td><td>2.7</td><td>-</td><td>2.4</td><td>.3</td><td>-</td><td>52.6</td><td>-</td><td>52.6</td><td>7.0</td><td>45.6</td><td>-</td></tr><tr><td>Production credit corporations</td><td>.4</td><td>-</td><td>.1</td><td>-</td><td>.3</td><td>110.8</td><td>-</td><td>110.8</td><td>105.0</td><td>5.8</td><td>-</td></tr><tr><td>Public Works administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>82.2</td><td>-</td><td>82.2</td><td>-</td><td>-</td><td>82.2</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>2,487.3</td><td>2,105.7</td><td>233.3 8/</td><td>23.3</td><td>125.0</td><td>542.9</td><td>-</td><td>542.9</td><td>325.0</td><td>217.9 8/</td><td>7.6</td></tr><tr><td>Reconstruction Finance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7.6</td><td>-</td><td>7.6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Regional agricultural credit corporations</td><td>1.5</td><td>-</td><td>.1</td><td>-</td><td>1.4</td><td>21.0</td><td>-</td><td>21.0</td><td>5.0</td><td>16.0</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>54.1</td><td>-</td><td>2.1</td><td>52.0</td><td>-</td><td>25.4</td><td>-</td><td>25.4</td><td>25.0</td><td>.4</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>201.9</td><td>-</td><td>-</td><td>201.9</td><td>-</td><td>120.3</td><td>-</td><td>120.3</td><td>-</td><td>-</td><td>120.3</td></tr><tr><td>Tennessee Valley Authority</td><td>78.5</td><td>-</td><td>16.6</td><td>56.6</td><td>3.1</td><td>353.3</td><td>-</td><td>353.3</td><td>-</td><td>-</td><td>353.3</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>324.7</td><td>226.5</td><td>.4</td><td>92.0</td><td>5.8</td><td>138.0</td><td>-</td><td>138.0</td><td>1.0</td><td>137.0</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>397.0</td><td>-</td><td>357.7</td><td>-</td><td>39.3</td><td>164.4</td><td>-</td><td>164.4</td><td>-</td><td>-</td><td>164.4</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td><td>-</td><td>4.4</td><td>-</td><td>-</td><td>4.4</td></tr><tr><td>United States Housing Corporation 6/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.1</td><td>-</td><td>1.1</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>United States Spruce Production Corporation 6/</td><td>.4</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>1.9</td><td>-</td><td>1.9</td><td>34.1</td><td>-32.2</td><td>-</td></tr><tr><td>Other governmental agencies 9/</td><td>23.0</td><td>-</td><td>-</td><td>23.0</td><td>-</td><td>202.7</td><td>-</td><td>202.7</td><td>21.3</td><td>-</td><td>181.4</td></tr><tr><td>Gross total</td><td>11,906.6</td><td>6,971.2</td><td>3,027.2</td><td>1,022.4</td><td>885.9</td><td>4,210.3</td><td>425.7</td><td>3,784.6</td><td>1,788.9</td><td>566.2</td><td>1,429.6</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-1,022.4</td><td>-</td><td>-</td><td>-1,022.4</td><td>-</td><td>-451.7</td><td>-</td><td>-451.7</td><td>-450.7</td><td>-1.0</td><td>-</td></tr><tr><td>Net total</td><td>10,884.2</td><td>6,971.2</td><td>3,027.2</td><td>0</td><td>885.9</td><td>3,758.6</td><td>425.7</td><td>3,332.9</td><td>1,338.2</td><td>565.2</td><td>1,429.6</td></tr></table>
Source: Daily Treasury Statements.
* Less than $50,000.
1/ Excludes unexpended balances of appropriated funds.
2/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
3/ Includes paid-in surplus.
4/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Houston which have retired stock and paid-in surplus previously held by the Federal Government.
5/ Includes $535,461 due to Federal land banks from U. S. Treasury for subscription to paid-in surplus.
6/ Figures shown are as of July 31, 1941; figures for August 31, 1941 are not available. U. S. Spruce Production Corporation figures are as of June 30, 1941.
7/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
8/ Adjusted for interagency items and items in transit.
9/ Comprises Treasury Department and other Governmental agencies not listed in this statement.
10/ Obligations held by the Secretary of the Treasury are classified under "Due to Governmental corporations and agencies". Includes accrued interest.
41
Sources of Funds of Certain Governmental Corporations and Credit Agencies
for the First 2 Months, Fiscal Year 1942
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 1,723,814</td><td>-</td><td>-</td><td>$107,000</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>$-140,000,000</td><td>$209,043,000</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>700,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>28,300,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>-9,180,000</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>458,425</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>2,778,433</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>103,079,904</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>-</td><td>-</td><td>-19,916,250</td><td>360,103,000</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>3,663,241</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>$ 989,830</td><td>12,997,547</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>1,359,906</td><td>-</td><td>7,000,000</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$2,349,736</td><td>$152,542,999</td><td>$-152,916,250</td><td>$561,124,425</td><td>$107,000</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 7,269,120</td><td>$ 126,884</td><td>-</td><td>$ 9,226,818</td></tr><tr><td>Commodity Credit Corporation.</td><td>$45,632,143</td><td>86,766,384</td><td>4,744,097</td><td>-</td><td>206,185,624</td></tr><tr><td>Disaster Loan Corporation.</td><td>8,748</td><td>938,039</td><td>87,995</td><td>-</td><td>1,034,782</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>1,816,805</td><td>250,168</td><td>$ 6,242</td><td>2,773,215</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>5,237,928</td><td>1,171,520</td><td>-</td><td>34,709,448</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>4,241,949</td><td>27,101,698</td><td>9,627</td><td>31,353,274</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>951,473</td><td>12,029,360</td><td>8,289,985</td><td>206,877</td><td>12,297,695</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>21,009,107</td><td>365,149</td><td>-</td><td>21,832,681</td></tr><tr><td>Federal National Mortgage Association.</td><td>330,921</td><td>2,673,618</td><td>1,551,261</td><td>-</td><td>7,334,233</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>529,576</td><td>5</td><td>529,581</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>7,692,233</td><td>32,476,791</td><td>20,081,133</td><td>2,754,926</td><td>63,005,083</td></tr><tr><td>National defense corporations 2/.</td><td>18,759,298</td><td>-</td><td>19,486</td><td>1,034,831</td><td>122,893,579</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>811,828</td><td>58,199,076</td><td>16,286,906</td><td>13,677,193</td><td>429,161,753</td></tr><tr><td>RFC Mortgage Company.</td><td>61,227</td><td>2,112,431</td><td>498,439</td><td>476,139</td><td>6,811,477</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>658,626</td><td>887,899</td><td>3</td><td>15,533,905</td></tr><tr><td>United States Housing Authority.</td><td>-</td><td>40,199,104</td><td>934,468</td><td>-</td><td>49,493,478</td></tr><tr><td>Total.</td><td>$74,247,871</td><td>$275,628,338</td><td>$82,926,604</td><td>$18,165,843</td><td>$1,014,176,626</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
42
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 2 Months, Fiscal Year 1942
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loane</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 31,186</td><td>-</td><td>-</td><td>$ 10,068,144</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>605,764</td><td>-</td><td>$103,324,049</td><td>29,279,721</td><td>-</td></tr><tr><td>Disaster loan Corporation</td><td>114,304</td><td>$ 3,003</td><td>-</td><td>335,634</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>91,339</td><td>109,347</td><td>-</td><td>2,799,098</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>19,929</td><td>-</td><td>-</td><td>34,962,650</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>616,244</td><td>-</td><td>-</td><td>1,270,322</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,291,789</td><td>166,011</td><td>443,092</td><td>4,762,425</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>165,716</td><td>-</td><td>-</td><td>23,739,586</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>204,633</td><td>221,953</td><td>-</td><td>6,356,991</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>30,168</td><td>1,189</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,789,697</td><td>3,464,804</td><td>1,814,471</td><td>2,457,642</td><td>$2,002,900</td></tr><tr><td>National defense corporations 2/</td><td>110,150</td><td>-</td><td>119,553,072</td><td>1,862,249</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>1,635,113</td><td>290,869</td><td>-</td><td>161,926,572</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>128,316</td><td>-21,002</td><td>138,287</td><td>5,699,329</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>588,896</td><td>-</td><td>-</td><td>14,446,481</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>801,301</td><td>263,453</td><td>1,816</td><td>30,166,625</td><td>-</td></tr><tr><td>Total</td><td>$9,274,551</td><td>$4,499,627</td><td>$225,274,787</td><td>$330,133,469</td><td>$2,002,900</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ -896,754</td><td>-</td><td>$ 17,182</td><td>$ 71</td><td>$ 9,219,829</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ 3,110,819</td><td>769,648</td><td>53,085,535</td><td>190,175,536</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>557,862</td><td>-</td><td>23,979</td><td>1,034,782</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>19,600</td><td>100</td><td>3,019,484</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>34,982,579</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>30,000,000</td><td>-</td><td>-</td><td>24,136</td><td>31,910,702</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>5,004,678</td><td>458,425</td><td>12,126,420</td></tr><tr><td>Federal home loan banks</td><td>323,314</td><td>-</td><td>576,204</td><td>4,930,061</td><td>29,734,881</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>451,741</td><td>98,915</td><td>7,334,233</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>13,000 1/2</td><td>41,357</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-8,291,000</td><td>-</td><td>9,881,984</td><td>450,126</td><td>14,570,624</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>332,482</td><td>-</td><td>1,024,879</td><td>122,882,832</td></tr><tr><td>Reconstruction Finance Corporation</td><td>-</td><td>140,291,517</td><td>4,970,694</td><td>-</td><td>309,164,771</td></tr><tr><td>FRC Mortgage Company</td><td>-</td><td>-</td><td>700,124</td><td>166,073</td><td>6,811,127</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,487,750</td><td>-</td><td>16,523,127</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>-</td><td>793,474</td><td>1,118,353</td><td>33,145,022</td></tr><tr><td>Total</td><td>$21,135,560</td><td>$114,292,680</td><td>$24,573,079</td><td>$61,390,653</td><td>$822,577,306</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts from the repayment of mortgage loans appear under "Repayment of loans" in the statement of sources of funds.
2/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
43
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through August 31, 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, redicounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 20,000,000</td><td>$ 8,290,003</td><td>-</td><td>-</td><td>$ 901,100</td></tr><tr><td>Commodity Credit Corporation</td><td>270,128,592 2/</td><td>-</td><td>-</td><td>$ 905,295,000</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>24,000,000 3/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Rome and Farm Authority</td><td>1,000,000</td><td>-</td><td>-</td><td>14,873,750</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>174,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>150,000,000</td><td>-</td><td>-</td><td>-</td><td>139,299,557</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>100,000,000 3/</td><td>-</td><td>-</td><td>1,306,107,900</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>-</td><td>-</td><td>75,500,000</td><td>124,741,000 4/</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>90,415,317</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000,000</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000 3/</td><td>-</td><td>-</td><td>3,114,453,550 5/</td><td>-</td></tr><tr><td>National defense corporations 6/</td><td>-</td><td>370,783,031</td><td>-</td><td>-</td><td>27,000,000</td></tr><tr><td>Reconstruction Finance Corporation</td><td>325,000,000</td><td>-</td><td>-</td><td>2,101,552,000</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>50,142,537</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration</td><td>129,688,878</td><td>195,494,514</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>38,754,478</td><td>-</td><td>$92,000,000</td><td>226,256,000</td><td>-</td></tr><tr><td>Total</td><td>$1,259,571,948</td><td>$715,123,402</td><td>$92,000,000</td><td>$7,829,278,200</td><td>$601,941,657</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans l/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 250,569,613</td><td>$ 10,760,465</td><td>$ 4,301,021</td><td>$ 294,822,202</td></tr><tr><td>Commodity Credit Corporation</td><td>$120,478,277</td><td>893,808,112</td><td>24,433,029</td><td>6,833,286</td><td>2,220,976,296</td></tr><tr><td>Disaster Loan Corporation</td><td>119,195</td><td>9,862,220</td><td>1,488,540</td><td>26,716</td><td>35,496,671</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>26,074,935</td><td>4,010,320</td><td>314,244</td><td>46,273,249</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>57,773,206</td><td>11,482,726</td><td>707,120</td><td>244,963,052</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>78,464,121</td><td>328,221,190</td><td>4,324,330</td><td>700,309,198</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>15,256,833</td><td>327,179,824</td><td>440,310,925</td><td>9,973,943</td><td>2,193,829,425</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>625,020,573</td><td>40,960,662</td><td>75,932,886 g/</td><td>942,155,121</td></tr><tr><td>Federal National Mortgage Association</td><td>637,309</td><td>31,620,188</td><td>20,874,423</td><td>3,845,824</td><td>243,631,061</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>36,430,102</td><td>121,982</td><td>136,552,084</td></tr><tr><td>Home Owners' Loan Corporation</td><td>143,634,390</td><td>989,112,773</td><td>898,126,577</td><td>25,549,989</td><td>5,370,877,279</td></tr><tr><td>National defense corporations 6/</td><td>55,622,067</td><td>-</td><td>22,597</td><td>1,651,730</td><td>455,079,025</td></tr><tr><td>Reconstruction Finance Corporation</td><td>24,236,815</td><td>5,433,053,183</td><td>625,012,412</td><td>97,491,070</td><td>8,606,745,480</td></tr><tr><td>RFC Mortgage Company</td><td>640,949</td><td>121,536,592</td><td>12,939,409</td><td>3,850,011</td><td>214,109,498</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>7,614,992</td><td>10,483,512</td><td>118</td><td>343,282,014</td></tr><tr><td>United States Housing Authority</td><td>951,401</td><td>565,772,258</td><td>21,888,054</td><td>177,523</td><td>945,793,714</td></tr><tr><td>Total</td><td>$361,577,236</td><td>$9,417,462,590</td><td>$2,487,444,943</td><td>$235,101,393</td><td>$22,999,501,369</td></tr></table>
Sources: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes $3,000,000 N.I.B.A.; $97,000,000 R.F.C. included in notes canceled by the Treasury (See footnote 3); and $170,128,591.77 restoration of Capital Impairment, which is net of a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
3/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
4/ The Reconstruction Finance Corporation purchased the stock of the Federal home loan banks from the Treasury Department on February 20, 1941. The net effect of this transaction is the same as a sale of stock to other agencies, and is shown as such for purposes of this report.
5/ Retirement of these obligations shown as "Retirement of obligations issued in exchange for mortgages" in the statement of uses of funds.
6/ Comprises Defense Homes Corporation, Defense Plant Corporations, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
7/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
8/ Includes $47,000,625 paid-in capital stock held by member institutions.
44
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through August 31, 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgagee 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 909,029</td><td>-</td><td>-</td><td>$ 275,942,317</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>8,003,643</td><td>-</td><td>$260,461,036</td><td>1,800,343,544</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>3,052,991</td><td>$ 136,484</td><td>-</td><td>28,355,636</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>2,026,214</td><td>1,025,551</td><td>-</td><td>42,383,848</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>528,646</td><td>6,147</td><td>-</td><td>201,274,367</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>24,257,874</td><td>-</td><td>-</td><td>170,550,126</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>72,352,011</td><td>4,794,900</td><td>13,851,824</td><td>1,035,013,098</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>9,866,090</td><td>-</td><td>-</td><td>797,648,441</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>2,906,038</td><td>2,819,612</td><td>-</td><td>231,543,768</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,281,455</td><td>26,180</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>220,401,601</td><td>122,590,584</td><td>138,901,245</td><td>3,263,857,614</td><td>$696,847,650</td></tr><tr><td>National defense corporations 2/</td><td>238,509</td><td>-</td><td>412,046,802</td><td>1,892,249</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>84,282,839</td><td>7,668,017</td><td>-</td><td>7,138,127,130</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>4,458,057</td><td>4,092,674</td><td>7,739,614</td><td>191,063,306</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>12,203,786</td><td>-</td><td>-</td><td>310,841,623</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>15,929,202</td><td>5,550,257</td><td>26,210,649</td><td>861,201,804</td><td>-</td></tr><tr><td>Total</td><td>$462,697,985</td><td>$148,710,406</td><td>$859,211,170</td><td>$16,350,038,871</td><td>$696,847,650</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (nat.) 2/</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 6,331,025</td><td>-</td><td>$ 549,847</td><td>$ 3,178,019</td><td>$ 256,910,237</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ 88,658,195</td><td>24,715,785</td><td>21,957,982</td><td>2,204,140,185</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>3,950,033</td><td>-</td><td>527</td><td>35,495,671</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>418,458</td><td>194,455</td><td>46,048,526</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>38,750,000</td><td>2,762,329</td><td>593,801</td><td>243,515,290</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>450,153,797</td><td>-</td><td>-</td><td>36,669,632 4/</td><td>681,631,429</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>761,129,840</td><td>-</td><td>273,932,032</td><td>17,822,426</td><td>2,178,896,131</td></tr><tr><td>Federal home loan banks</td><td>63,730,384</td><td>-</td><td>21,353,814</td><td>254,724</td><td>892,853,453</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>6,191,224</td><td>170,419</td><td>243,631,061</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>128,188,158</td><td>-</td><td>3,035,326</td><td>2,608,162 4/</td><td>135,139,281</td></tr><tr><td>Home Owners' Loan Corporation</td><td>274,562,360</td><td>-</td><td>487,418,255</td><td>6,865,527</td><td>5,211,444,836</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>11,227,374</td><td>-</td><td>29,663,309</td><td>455,068,243</td></tr><tr><td>Reconstruction Finance Corporation</td><td>351,741,000</td><td>640,819,661</td><td>248,703,202</td><td>14,718,959</td><td>8,486,060,808</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>6,023,088</td><td>731,632</td><td>214,108,371</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>3,950,113</td><td>371,526</td><td>327,367,248</td></tr><tr><td>United States Rousing Authority</td><td>6,070,000</td><td>-</td><td>4,467,359</td><td>5,926,387</td><td>925,755,658</td></tr><tr><td>Total</td><td>$2,041,906,564</td><td>$783,405,263</td><td>$1,083,121,032</td><td>$141,727,487</td><td>$22,567,666,428</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Comptons Defence Ropes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Includes U. S. Government bonds in the amount of $378,428,186 as follows: Federal Deposit Insurance Corporation, $312,663,656; Federal Savings and Loan Insurance Corporation, $15,164,500; U. S. Housing Authority, $6,070,000; Federal home loan banks, $44,570,030.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
45
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States
(in millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total unmetured obligations outstanding</th><th>Commodity Credit Corporation notes</th><th>Federal Farm Mortgage Corporation bonds</th><th>Federal Housing Administration detenures</th><th>Home Owners' Loan Corporation bonds</th><th>Reconstruction Finance Corporation notes</th><th>United States Housing Authority notes</th></tr><tr><td>1934</td><td>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>298.9</td><td>-</td></tr><tr><td>1939</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>819.7</td><td>114.2</td></tr><tr><td>1940</td><td>5,497.6</td><td>406.8</td><td>1,269.4</td><td>7.5</td><td>2,603.4</td><td>1,096.4</td><td>114.2</td></tr><tr><td>1941</td><td>6,359.6</td><td>696.3</td><td>1,269.4</td><td>17.4</td><td>2,408.9</td><td>1,741.4</td><td>226.3</td></tr><tr><td>1940-September</td><td>5,787.2</td><td>696.3</td><td>1,269.4</td><td>9.1</td><td>2,601.8</td><td>1,096.6</td><td>114.2</td></tr><tr><td>October</td><td>5,790.5</td><td>696.3</td><td>1,269.4</td><td>12.3</td><td>2,601.8</td><td>1,096.6</td><td>114.2</td></tr><tr><td>November</td><td>5,901.0</td><td>696.3</td><td>1,269.4</td><td>12.6</td><td>2,599.8</td><td>1,096.7</td><td>226.3</td></tr><tr><td>December</td><td>5,901.4</td><td>696.3</td><td>1,269.4</td><td>12.9</td><td>2,599.8</td><td>1,096.8</td><td>226.3</td></tr><tr><td>1941-January</td><td>5,900.8</td><td>696.3</td><td>1,269.4</td><td>12.3</td><td>2,599.8</td><td>1,096.9</td><td>226.3</td></tr><tr><td>February</td><td>5,901.1</td><td>696.3</td><td>1,269.4</td><td>12.6</td><td>2,599.8</td><td>1,096.9</td><td>226.3</td></tr><tr><td>March</td><td>5,904.6</td><td>696.3</td><td>1,269.4</td><td>16.0</td><td>2,599.8</td><td>1,097.0</td><td>226.3</td></tr><tr><td>April</td><td>6,549.6</td><td>696.3</td><td>1,269.4</td><td>16.6</td><td>2,599.8</td><td>1,741.3</td><td>226.3</td></tr><tr><td>May</td><td>6,359.2</td><td>696.3</td><td>1,269.4</td><td>17.1</td><td>2,408.9</td><td>1,741.3</td><td>226.3</td></tr><tr><td>June</td><td>6,359.6</td><td>696.3</td><td>1,269.4</td><td>17.4</td><td>2,408.9</td><td>1,741.4</td><td>226.3</td></tr><tr><td>July</td><td>6,929.6</td><td>907.0</td><td>1,269.4</td><td>16.7</td><td>2,408.9</td><td>2,101.4</td><td>226.3</td></tr><tr><td>August</td><td>6,928.2</td><td>905.3</td><td>1,269.4</td><td>16.9</td><td>2,408.9</td><td>2,101.5</td><td>226.3</td></tr><tr><td>September</td><td>6,928.9</td><td>905.3</td><td>1,269.4</td><td>17.6</td><td>2,408.9</td><td>2,101.5</td><td>226.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th colspan="6">New securities allotted</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th colspan="2">For cash</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Amount of exchanges</th><th>Bonds</th><th>Notes</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Call or maturity date</th></tr><tr><td>Commodity Credit Corporation</td><td>May 2, 1938</td><td>3/4</td><td>1 yr.. 6 mos.</td><td>Nov. 2, 1939</td><td>-</td><td>206</td><td>1,839</td><td>148</td><td>-</td><td>58</td><td>Aug. 2, 1937</td><td>1</td><td>May 2, 1938</td></tr><tr><td></td><td>Aug. 1, 1939</td><td>5/8</td><td>2 yrs.</td><td>Aug. 1, 1941</td><td>-</td><td>203</td><td>2,853</td><td>203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 2, 1939</td><td>1</td><td>2 yrs..13 days</td><td>Sov. 15, 1941</td><td>-</td><td>204</td><td>-</td><td>-</td><td>-</td><td>204</td><td>May 2, 1938</td><td>3/4</td><td>Nov. 2, 1939</td></tr><tr><td></td><td>Aug. 1, 1940</td><td>3/4</td><td>2 yrs.. 9 mos.</td><td>May 1, 1943</td><td>-</td><td>289</td><td>3,185</td><td>289</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>July 21, 1941</td><td>1-1/8</td><td>3 yrs.. 7 mos.</td><td>Feb. 15, 1945</td><td>-</td><td>412</td><td>5,157</td><td>211</td><td>-</td><td>201</td><td>Aug. 1, 1939</td><td>5/8</td><td>Aug. 1, 1941</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>July 25, 1934 1/ (Add. 5/15/34) 2/ Sept. 3, 1935 1/</td><td>3</td><td>10-15 yrs.</td><td>May 15, 1944 May 15, 1949 Sept. 1, 1939</td><td>100</td><td>-</td><td>195</td><td>100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>Aug. 15, 1934 1/</td><td>1-1/2</td><td>2 yrs.</td><td>Aug. 15, 1936</td><td>50</td><td>-</td><td>124</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/</td><td>1-3/4</td><td>3 yrs.</td><td>Aug. 15, 1937</td><td>50</td><td>-</td><td>48</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/</td><td>2</td><td>4 yrs.</td><td>Aug. 15, 1938</td><td>50</td><td>-</td><td>60</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>June 1, 1935</td><td>1-1/2</td><td>4 yrs.</td><td>June 1, 1939</td><td>325 3/</td><td>-</td><td>-</td><td>80</td><td>245</td><td>-</td><td>July 1, 1933</td><td>4</td><td>July 1, 1935</td></tr><tr><td></td><td>May 15, 1939</td><td>3/8</td><td>1 yr.</td><td>May 15, 1940</td><td>128</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>May 15, 1939</td><td>5/8</td><td>2 yrs.</td><td>May 15, 1941</td><td>192</td><td>-</td><td>-</td><td>-</td><td>192</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>June 1, 1939</td><td>1-1/2</td><td>6-8 yrs.</td><td>June 1, 1945</td><td>764 1/</td><td>-</td><td>-</td><td>77</td><td>687</td><td>-</td><td>Aug. 1, 1934</td><td>2-3/4</td><td>Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.</td><td>July 20, 1938</td><td>7/8</td><td>3 yrs.</td><td>July 20, 1941</td><td>-</td><td>211</td><td>2,627</td><td>211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1938</td><td>7/8</td><td>3 yrs.</td><td>Nov. 1, 1941</td><td>-</td><td>297</td><td>-</td><td>-</td><td>-</td><td>297 5/</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td></td><td>Feb. 15, 1939</td><td>7/8</td><td>2 yrs..11 mos.</td><td>Jan. 15, 1942</td><td>-</td><td>310</td><td>2,567</td><td>310</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 10, 1939</td><td>1</td><td>2 yrs.. 7 mos.</td><td>July 1, 1942</td><td>-</td><td>276</td><td>3,619</td><td>276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>7/8</td><td>18 mos.</td><td>Oct. 15, 1942</td><td>-</td><td>320</td><td>2,647</td><td>320</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>1-1/8</td><td>2 yrs.. 3 mos.</td><td>July 15, 1943</td><td>-</td><td>324</td><td>3,561</td><td>324</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>July 3, 1941</td><td>1</td><td>2 yrs..91/2 mos.</td><td>Apr. 15, 1944</td><td>-</td><td>571</td><td>5,065</td><td>363</td><td>-</td><td>209</td><td>July 20, 1938</td><td>7/8</td><td>July 20, 1941</td></tr><tr><td>U. S. Housing Authority</td><td>Feb. 1, 1939</td><td>1-3/8</td><td>5 yrs.</td><td>Feb. 1, 1944</td><td>-</td><td>114</td><td>2,774</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1940</td><td>1/4</td><td>1 yr.</td><td>Nov. 1, 1941</td><td>-</td><td>112</td><td>1,860</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1. Sold on a bid basis.
2. Original issue sold by agency.
3. Original issues of $245,254,750 increased by sales on the market of $80,000,000, proceeds of which were used to retire the called bonds.
4. Original issues of $687,266,800 increased by sales on the market of $76,350,000, proceeds of which were used to retire the called bonds.
5. In view of the fact that the new 7 1/8% notes offered for sale were limited to the amount of 1-1/2% notes maturing December 15, 1938, tendered for purchase, this transaction was in effect an exchange offering and is so shown in this statement. Subsequent to November 1, 1938, $2,800,000 of these notes were sold for cash.
46
Maturity Schedule of Securities Guaranteed by the United States
As of September 30, 1941
(Amount in millions of dollars) 2/
<table><tr><th colspan="4">Classified by year in which issues are first callable 3/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security 4/</th><th>Fixed-maturity issues</th><th>Callable issue</th><th>Cumulative total</th><th>Description of security 4/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941<br>7/8% RFC Notes P - 11/1/41<br>1/4% USHA Notes E - 11/1/41<br>1% CCC Notes E - 11/15/41</td><td>300<br>112<br>204</td><td></td><td>616</td><td>1941<br>7/8% RFC Notes P - 11/1/41<br>1/4% USHA Notes E - 11/1/41<br>1% CCC Notes E - 11/15/41</td><td>300<br>112<br>204</td><td></td><td>616</td></tr><tr><td>Total</td><td>616</td><td>-</td><td>616</td><td>Total</td><td>616</td><td>-</td><td>616</td></tr><tr><td>1942<br>7/8% RFC Notes R - 1/15/42<br>3% FPMC Bonds - 1/15/42-47.<br>2-3/4% FPMC Bonds - 3/1/42-47.<br>1% RFC Notes S - 7/1/42-44.<br>2-1/4% HOLC Bonds G - 7/1/42-44.<br>7/8% RFC Notes U - 10/15/42</td><td>310<br>276<br>320</td><td>236<br>103<br>875</td><td>906<br>1,214<br>2,736</td><td>1942<br>7/8% RFC Notes A - 1/15/42<br>1% RFC Notes S - 7/1/42<br>7/8% RFC Notes U - 10/15/42</td><td>310<br>276<br>320</td><td></td><td>906<br>-<br>1,522</td></tr><tr><td>Total</td><td>906</td><td>1,214</td><td>2,736</td><td>Total</td><td>906</td><td>-</td><td>1,522</td></tr><tr><td>1943<br>3/4% CCC Notes F - 5/1/43<br>1-1/8% RFC Notes Y - 7/15/43</td><td>289<br>324</td><td></td><td>613</td><td>1943<br>3/4% CCC Notes F - 5/1/43<br>1-1/8% RFC Notes V - 7/15/43</td><td>289<br>324</td><td></td><td>613</td></tr><tr><td>Total</td><td>613</td><td>-</td><td>3,349</td><td>Total</td><td>613</td><td>-</td><td>2,135</td></tr><tr><td>1944<br>1-3/8% USHA Notes B - 2/1/44<br>3-1/4% FPMC Bonds - 3/15/44-64.<br>1% RFC Notes W - 4/15/44<br>3% HOLC Bonds A - 5/1/44-52.<br>3% FPMC Bonds A - 5/15/44-49.</td><td>114<br>571</td><td>95<br>779<br>835</td><td>685<br>1,709<br>5,743</td><td>1944<br>1-3/8% USHA Notes B - 2/1/44<br>1% RFC Notes W - 4/15/44<br>2-1/4% HOLC Bonds G - 7/1/42-44.</td><td>114<br>571</td><td>875</td><td>685<br>875<br>3,695</td></tr><tr><td>Total</td><td>685</td><td>1,709</td><td>5,743</td><td>Total</td><td>685</td><td>875</td><td>3,695</td></tr><tr><td>1945<br>1-1/8% CCC Notes O - 2/15/45<br>1-1/2% HOLC Bonds M - 6/1/45-47.</td><td>412</td><td>755</td><td>6,910</td><td>1945<br>1-1/8% CCC Notes G - 2/15/45</td><td>412</td><td>-</td><td>4,107</td></tr><tr><td>Total</td><td>412</td><td>755</td><td>6,910</td><td>Total</td><td>412</td><td>-</td><td>4,107</td></tr><tr><td>1946</td><td>-</td><td>-</td><td>6,910</td><td>1946</td><td>-</td><td>-</td><td>4,107</td></tr><tr><td>1947</td><td>-</td><td>-</td><td>6,910</td><td>1947<br>3% FPMC Bonds - 1/15/44-47.<br>2-3/4% FPMC Bonds - 3/1/44-47.<br>1-1/2% HOLC Bonds M - 6/1/45-47.</td><td>236<br>103<br>755</td><td>1,094</td><td>5,201</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>6,910</td><td>Total</td><td>-</td><td>1,094</td><td>5,201</td></tr><tr><td>1948</td><td>-</td><td>-</td><td>6,910</td><td>1948</td><td>-</td><td>-</td><td>5,201</td></tr><tr><td>1949</td><td>-</td><td>-</td><td>6,910</td><td>1949<br>3% FPMC Bonds - 5/15/44-49.</td><td>835</td><td>-</td><td>6,036</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>6,910</td><td>Total</td><td>-</td><td>835</td><td>6,036</td></tr><tr><td>1950-51</td><td>-</td><td>-</td><td>6,910</td><td>1950-51</td><td>-</td><td>-</td><td>6,036</td></tr><tr><td>1952</td><td>-</td><td>-</td><td>6,910</td><td>1952<br>3% HOLC Bonds A - 5/1/44-52.</td><td>779</td><td>-</td><td>6,815</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>6,910</td><td>Total</td><td>-</td><td>779</td><td>6,815</td></tr><tr><td>1953-53</td><td>-</td><td>-</td><td>6,910</td><td>1953-53</td><td>-</td><td>-</td><td>6,815</td></tr><tr><td>1954</td><td>-</td><td>-</td><td>6,910</td><td>1954<br>3-1/4% FPMC Bonds - 3/15/44-64.</td><td>95</td><td>-</td><td>6,910</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>6,910</td><td>Total</td><td>-</td><td>95</td><td>6,910</td></tr></table>
1/ Excludes Federal Housing Administration detachments.
2/ Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures.
3/ Fixed-maturity issues are classified by year in which due.
4/ The abbreviations refer to the following corporations: Home Owners' Loan Corporation, Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Farm Mortgage Corporation, and United States Housing Authority.
INTERNAL
REVENUE
STATISTICS
— 47 —
43
Summary of Internal Revenue Collecticus
(In thousands of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and profits taxes</th><th colspan="3">Employment taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation, income and excess profits 1/</th><th>Miscellaneous profit taxes 2/</th><th>Total</th><th>Social Security taxes 3/ Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Carriers' Taxing Act of 1937</th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,274</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</td><td>1,146,845</td><td>1,263,414</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,648</td><td>1,026,333</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>1,557,729</td><td>1,056,757</td><td>427,191</td><td>629,566</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>1,619,839</td><td>746,791</td><td>552,574</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>397,516</td><td>2,631</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>572,118</td><td>6,560</td><td>-</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,447</td><td>674,416</td><td>738,522</td><td>14,509</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,179,842</td><td>1,091,741</td><td>1,056,923</td><td>31,178</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,629,030</td><td>1,286,312</td><td>2,299,932</td><td>42,786</td><td>742,660</td><td>302,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,185,115</td><td>1,028,834</td><td>1,122,541</td><td>33,740</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1940</td><td>5,340,452</td><td>2,129,609</td><td>982,017</td><td>1,120,582</td><td>27,010</td><td>833,521</td><td>605,350</td><td>106,123</td><td>122,048</td></tr><tr><td>1941</td><td>7,370,108</td><td>3,471,123</td><td>1,417,655</td><td>2,016,297</td><td>37,171</td><td>925,856</td><td>687,327</td><td>100,658</td><td>137,871</td></tr><tr><td>1940-September</td><td>654,623</td><td>431,103</td><td>175,317</td><td>250,187</td><td>5,599</td><td>12,027</td><td>2,558</td><td>587</td><td>8,682</td></tr><tr><td>October</td><td>355,276</td><td>45,743</td><td>12,079</td><td>32,136</td><td>1,528</td><td>77,273</td><td>71,781</td><td>4,640</td><td>652</td></tr><tr><td>November</td><td>444,383</td><td>48,877</td><td>15,801</td><td>31,622</td><td>1,454</td><td>122,989</td><td>87,977</td><td>5,872</td><td>29,140</td></tr><tr><td>December</td><td>654,095</td><td>429,275</td><td>160,364</td><td>262,932</td><td>5,979</td><td>8,204</td><td>2,892</td><td>626</td><td>4,686</td></tr><tr><td>1941-January</td><td>371,275</td><td>65,838</td><td>25,992</td><td>38,223</td><td>1,623</td><td>100,307</td><td>74,255</td><td>25,152</td><td>900</td></tr><tr><td>February</td><td>454,729</td><td>122,025</td><td>84,052</td><td>35,899</td><td>2,074</td><td>156,146</td><td>94,705</td><td>40,237</td><td>21,204</td></tr><tr><td>March</td><td>1,472,295</td><td>1,186,951</td><td>569,203</td><td>611,397</td><td>6,351</td><td>16,135</td><td>2,183</td><td>1,326</td><td>12,664</td></tr><tr><td>April</td><td>414,646</td><td>78,149</td><td>18,622</td><td>52,214</td><td>3,313</td><td>88,766</td><td>83,000</td><td>3,689</td><td>1,877</td></tr><tr><td>May</td><td>541,110</td><td>135,497</td><td>21,195</td><td>111,981</td><td>2,327</td><td>137,918</td><td>105,864</td><td>6,145</td><td>25,382</td></tr><tr><td>June</td><td>1,111,496</td><td>847,615</td><td>311,899</td><td>531,900</td><td>4,017</td><td>12,597</td><td>3,158</td><td>806</td><td>8,633</td></tr><tr><td>July</td><td>451,296</td><td>50,573</td><td>20,555</td><td>57,801</td><td>2,219</td><td>100,055</td><td>95,612</td><td>3,726</td><td>727</td></tr><tr><td>August</td><td>474,371</td><td>58,398</td><td>15,684</td><td>40,630</td><td>2,084</td><td>138,516</td><td>109,268</td><td>5,761</td><td>23,487</td></tr><tr><td>September</td><td>1,053,458</td><td>776,725</td><td>277,383</td><td>492,219</td><td>7,127</td><td>16,754</td><td>3,204</td><td>568</td><td>12,662</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="8">Miscellaneous internal revenue</th><th>Agricultural adjustment taxes</th></tr><tr><th></th><th>Total</th><th>Capital stock tax</th><th>Estate and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' excise taxes</th><th>Miscellaneous taxes</th><th></th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>434,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td></tr><tr><td>1930</td><td>629,687</td><td>-</td><td>64,770</td><td>11,695</td><td>450,339</td><td>77,723</td><td>344</td><td>25,010</td><td>-</td></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>46,078</td><td>10,432</td><td>441,277</td><td>45,954</td><td>138</td><td>18,310</td><td>-</td></tr><tr><td>1932</td><td>500,372</td><td>-</td><td>47,422</td><td>6,704</td><td>393,579</td><td>32,241</td><td>-</td><td>14,026</td><td>-</td></tr><tr><td>1933</td><td>573,048</td><td>-</td><td>34,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td></tr><tr><td>1934</td><td>1,481,150</td><td>80,166</td><td>113,138</td><td>258,911</td><td>425,169</td><td>66,580</td><td>390,038</td><td>147,156</td><td>371,423</td></tr><tr><td>1935</td><td>1,557,423</td><td>91,508</td><td>212,112</td><td>411,022</td><td>459,179</td><td>43,133</td><td>342,279</td><td>106,138</td><td>526,222</td></tr><tr><td>1936</td><td>2,021,075</td><td>94,943</td><td>378,850</td><td>505,464</td><td>501,166</td><td>68,990</td><td>379,540</td><td>92,132</td><td>71,637</td></tr><tr><td>1937</td><td>2,207,608</td><td>137,499</td><td>305,548</td><td>364,245</td><td>552,254</td><td>69,319</td><td>449,854</td><td>98,289</td><td>-</td></tr><tr><td>1938</td><td>2,287,073</td><td>139,343</td><td>416,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>567,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>-</td></tr><tr><td>1940</td><td>2,377,322</td><td>132,739</td><td>360,071</td><td>624,253</td><td>608,516</td><td>38,581</td><td>447,088</td><td>165,972</td><td>-</td></tr><tr><td>1941</td><td>2,973,129</td><td>165,553</td><td>407,058</td><td>820,056</td><td>698,077</td><td>39,057</td><td>617,354</td><td>224,874</td><td>-</td></tr><tr><td>1940-September</td><td>211,493</td><td>14,575</td><td>18,134</td><td>52,524</td><td>54,915</td><td>2,281</td><td>41,712</td><td>17,252</td><td>-</td></tr><tr><td>October</td><td>232,250</td><td>3,954</td><td>21,881</td><td>75,712</td><td>61,385</td><td>3,109</td><td>48,240</td><td>17,979</td><td>-</td></tr><tr><td>November</td><td>272,517</td><td>260</td><td>66,360</td><td>81,250</td><td>53,200</td><td>3,152</td><td>65,573</td><td>22,722</td><td>-</td></tr><tr><td>December</td><td>216,616</td><td>252</td><td>29,732</td><td>64,219</td><td>50,332</td><td>4,169</td><td>51,157</td><td>16,745</td><td>-</td></tr><tr><td>1941-January</td><td>205,130</td><td>240</td><td>30,259</td><td>52,076</td><td>59,138</td><td>4,432</td><td>40,580</td><td>18,124</td><td>-</td></tr><tr><td>February</td><td>206,558</td><td>158</td><td>32,477</td><td>53,053</td><td>52,577</td><td>3,532</td><td>48,471</td><td>16,290</td><td>-</td></tr><tr><td>March</td><td>269,209</td><td>415</td><td>67,994</td><td>61,709</td><td>56,701</td><td>3,097</td><td>57,185</td><td>22,108</td><td>-</td></tr><tr><td>April</td><td>251,731</td><td>187</td><td>49,720</td><td>66,134</td><td>58,069</td><td>3,519</td><td>54,218</td><td>19,884</td><td>-</td></tr><tr><td>May</td><td>268,199</td><td>250</td><td>29,174</td><td>79,468</td><td>64,612</td><td>3,307</td><td>67,370</td><td>24,018</td><td>-</td></tr><tr><td>June</td><td>251,043</td><td>250</td><td>30,599</td><td>80,976</td><td>66,484</td><td>3,375</td><td>51,391</td><td>17,965</td><td>-</td></tr><tr><td>July</td><td>280,658</td><td>11,303</td><td>29,980</td><td>86,373</td><td>66,369</td><td>3,064</td><td>63,743</td><td>19,326</td><td>-</td></tr><tr><td>August</td><td>277,457</td><td>3,797</td><td>22,636</td><td>85,861</td><td>64,085</td><td>3,975</td><td>72,524</td><td>24,579</td><td>-</td></tr><tr><td>September</td><td>259,979</td><td>5,084</td><td>20,640</td><td>86,738</td><td>67,800</td><td>3,794</td><td>54,328</td><td>21,395</td><td>-</td></tr></table>
Source: Reports of collections.
1/ Excess profits tax imposed under the Second Revenue Act of 1940, as amended.
2/ Consists of the declared value excess profits tax, the profit limiting provisions of the Vinson Act, and the tax on unjust enrichment.
3/ For the period prior to September 1939 the data is the column entitled Federal Insurance Contributions Act and Federal Unemployment Tax Act represent collections under Titles VIII and IX, respectively, of the Social Security Act.
4/ Includes tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
49
COLLECTIONS OF INTERNAL REVENUE
* Includes miscellaneous profits taxes
50
Detailed Analysis of Current Internal Revenue Collections
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th colspan="2">Month of September</th><th colspan="2">First three months</th><th>Sources of revenue</th><th colspan="2">Month of September</th><th colspan="2">First three months</th></tr><tr><th></th><th>1940</th><th>1941</th><th>Fiscal year 1941</th><th>Fiscal year 1942</th><th></th><th>1940</th><th>1941</th><th>Fiscal year 1941</th><th>Fiscal year 1942</th></tr><tr><td>income and profits taxes:</td><td></td><td></td><td></td><td></td><td>Stamp taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Individual</td><td></td><td></td><td></td><td></td><td>Boond, leases of capital stocks, deeds of conveyance, etc.</td><td>1,399</td><td>1,793</td><td>4,744</td><td>5,554</td></tr><tr><td>Current</td><td>169,602</td><td>271,131</td><td>178,434</td><td>287,285</td><td>Transfers of capital stock and similar interest sales</td><td>596</td><td>848</td><td>2,016</td><td>2,951</td></tr><tr><td>Back</td><td>5,515</td><td>6,252</td><td>20,015</td><td>26,336</td><td>Playing cards</td><td>281</td><td>1,151</td><td>591</td><td>2,322</td></tr><tr><td>Corporation</td><td>243,031</td><td>410,094</td><td>279,113</td><td>466,361</td><td>Silver bullion sales or transfers</td><td>5</td><td>2</td><td>12</td><td>7</td></tr><tr><td>Current</td><td>7,156</td><td>13,568</td><td>28,370</td><td>44,931</td><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Excess profits tax (Second Revenue Act of 1940) as amended</td><td>-</td><td>68,553</td><td>-</td><td>79,352</td><td>Total stamp taxes</td><td>2,281</td><td>3,794</td><td>7,363</td><td>10,834</td></tr><tr><td>Miscellaneous profits taxes</td><td></td><td></td><td></td><td></td><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Declared value</td><td>3,149</td><td>6,314</td><td>4,685</td><td>9,508</td><td>Lubricating oils</td><td>2,523</td><td>3,576</td><td>9,868</td><td>12,289</td></tr><tr><td>Vision Act</td><td>1,163</td><td>22</td><td>1,216</td><td>24</td><td>Gasoline</td><td>27,049</td><td>33,855</td><td>78,102</td><td>105,832</td></tr><tr><td>Unjust enrichment</td><td>1,287</td><td>791</td><td>3,120</td><td>1,899</td><td>Tires and inner tubes</td><td>2,840</td><td>3,242</td><td>12,649</td><td>17,535</td></tr><tr><td>Total income and profits taxes</td><td>431,103</td><td>776,725</td><td>514,953</td><td>915,696</td><td>Automobile trucks</td><td>346</td><td>853</td><td>2,010</td><td>3,693</td></tr><tr><td>Employment taxes:</td><td></td><td></td><td></td><td></td><td>Other automobiles and motorcycles</td><td>1,912</td><td>5,002</td><td>9,344</td><td>24,772</td></tr><tr><td>Social Security taxes:</td><td></td><td></td><td></td><td></td><td>Parts or accessories for automobiles</td><td>851</td><td>1,418</td><td>2,692</td><td>4,462</td></tr><tr><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>2,558</td><td>3,204</td><td>161,531</td><td>208,084</td><td>Electrical energy</td><td>3,709</td><td>3,671</td><td>10,303</td><td>12,307</td></tr><tr><td>Federal Unemployment Tax Act (Unemployment insurance)</td><td>587</td><td>888</td><td>11,763</td><td>10,375</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>528</td><td>751</td><td>1,653</td><td>1,999</td></tr><tr><td>Total Social Security taxes</td><td>3,145</td><td>4,092</td><td>173,294</td><td>218,459</td><td>Mechanical refrigerators</td><td>925</td><td>969</td><td>2,947</td><td>4,220</td></tr><tr><td>Carriers' Taxing Act of 1937</td><td>8,882</td><td>12,662</td><td>32,732</td><td>36,876</td><td>Firearms, shells, and cartridges</td><td>466</td><td>327</td><td>1,713</td><td>1,447</td></tr><tr><td>Total employment taxes</td><td>12,027</td><td>16,754</td><td>206,026</td><td>255,335</td><td>Pistols and revolvers</td><td>3</td><td>5</td><td>15</td><td>16</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>538</td><td>654</td><td>1,524</td><td>2,004</td></tr><tr><td>Capital stock tax</td><td>14,676</td><td>5,084</td><td>160,687</td><td>20,683</td><td>Matches (including repealed taxes)</td><td>-</td><td>-</td><td>-</td><td>4</td></tr><tr><td>Estate tax</td><td>17,935</td><td>20,581</td><td>66,370</td><td>72,000</td><td>Repealed taxes not listed above</td><td>21</td><td>5</td><td>38</td><td>15</td></tr><tr><td>Gift tax</td><td>199</td><td>259</td><td>2,511</td><td>1,456</td><td>Total manufacturers' excise taxes</td><td>41,711</td><td>54,328</td><td>132,858</td><td>190,595</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits (imported, excise)</td><td>2,364</td><td>4,580</td><td>6,250</td><td>9,691</td><td>Bituminous Coal Act of 1937</td><td>329</td><td>408</td><td>982</td><td>1,292</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>30,114</td><td>46,031</td><td>78,050</td><td>121,919</td><td>Sugar Act of 1937</td><td>5,878</td><td>8,069</td><td>18,306</td><td>20,690</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,007</td><td>1,403</td><td>2,676</td><td>4,167</td><td>Telephone, telegraph, radio and cable facilities, leased wires, etc.</td><td>1,935</td><td>2,270</td><td>6,427</td><td>8,200</td></tr><tr><td>Vinace, cordials, etc. (imported, excise)</td><td>34</td><td>21</td><td>86</td><td>64</td><td>Transportation of oil by pipe line</td><td>905</td><td>1,085</td><td>2,978</td><td>3,419</td></tr><tr><td>Vinace, cordials, etc. (domestic, excise)</td><td>993</td><td>1,608</td><td>2,195</td><td>3,859</td><td>Leases of safe-deposit boxes</td><td>166</td><td>173</td><td>542</td><td>577</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>34</td><td>36</td><td>734</td><td>1,142</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>5,852</td><td>6,445</td><td>11,909</td><td>20,536</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stille (special taxes)</td><td>219</td><td>178</td><td>5,197</td><td>4,981</td><td>Club dues and initiation fees</td><td>502</td><td>493</td><td>1,633</td><td>1,728</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>-</td><td>-</td><td>-</td><td>1</td><td>Adulterated and processed or renovated butter, mixed flour and filled cheeses</td><td>3</td><td>4</td><td>9</td><td>9</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>66</td><td>123</td><td>191</td><td>306</td><td>Oleomargarine, including special taxes</td><td>96</td><td>124</td><td>1,015</td><td>1,137</td></tr><tr><td>Container stamps</td><td>774</td><td>1,140</td><td>1,956</td><td>2,942</td><td>Narcotice, including marijuana and special taxes</td><td>28</td><td>16</td><td>204</td><td>216</td></tr><tr><td>Floor taxes</td><td>836</td><td>18</td><td>14,465</td><td>117</td><td>Coconut and other vegetable oils processed</td><td>1,555</td><td>2,299</td><td>5,022</td><td>7,257</td></tr><tr><td>Fermented malt liquors</td><td>25,958</td><td>31,488</td><td>90,950</td><td>107,267</td><td>National Firearm Act</td><td>1</td><td>-</td><td>3</td><td>9</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>125</td><td>112</td><td>2,710</td><td>2,516</td><td>All other, including repealed taxes not listed above</td><td>2</td><td>9</td><td>8</td><td>30</td></tr><tr><td>Total alcoholic beverage taxes</td><td>62,524</td><td>86,738</td><td>205,460</td><td>258,972</td><td>Total miscellaneous taxes</td><td>17,252</td><td>21,395</td><td>49,038</td><td>65,300</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td>Total miscellaneous internal revenue</td><td>211,493</td><td>259,979</td><td>799,863</td><td>818,094</td></tr><tr><td>Cigars (large)</td><td>1,178</td><td>1,266</td><td>3,433</td><td>3,646</td><td>Total internal revenue</td><td>654,623</td><td>1,053,458</td><td>1,520,842</td><td>1,989,125</td></tr><tr><td>Cigars (small)</td><td>8</td><td>10</td><td>27</td><td>25</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarettes (large)</td><td>-</td><td>1</td><td>2</td><td>1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarettes (small)</td><td>48,392</td><td>60,975</td><td>151,588</td><td>178,562</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Souff</td><td>513</td><td>575</td><td>1,595</td><td>1,756</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,659</td><td>4,781</td><td>14,050</td><td>13,734</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette papers and tubes</td><td>103</td><td>191</td><td>390</td><td>523</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Leaf dealer penalties, etc.</td><td>-</td><td>1</td><td>-</td><td>1</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette floor taxes</td><td>62</td><td>-</td><td>4,491</td><td>3</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>54,915</td><td>67,800</td><td>175,576</td><td>198,254</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Reports of collections. Less than $500.
51
Study of Individual Income Tax Returns Concerning Differences Between State of Residence and State of Filing
A recent study of all Federal individual income tax returns for 1936 shows that while ordinarily a taxpayer's place of residence and his filing district are located in the same State, some taxpayers living in one State file their income tax returns in another State. The present tabulation represents part of an extensive study of Federal tax returns recently completed under the sponsorship of the Treasury Department, Division of Tax Research, with funds allocated to the Department by the Commissioner of Work Projects under authorization of the President. It supplements material published in "Statistics of Income for 1936, Part 1," and in "Statistics of Income Supplement Compiled from Income Tax Returns for 1936".
The Revenue Act of 1936 and accompanying Regulations governing the filing of the 1936 returns provided that a return should be filed in the district of the taxpayer's legal residence or that of the principal place of his own business, and that returns of individuals with no legal residence or place of business in the United States should be filed at Baltimore, Maryland. (Revenue Act of 1936, Section 53 (b)(1), and Regulations 94, Article 53-5.) A number of taxpayers who obviously failed to follow the filing requirements were mainly salaried workers and wage earners who filed in the district in which they were employed, and taxpayers required to file in Baltimore who erroneously filed in other districts. In a few cases it was not possible to determine the residence of a taxpayer since residential address was not given as required when the return was filed at the business address. Returns that gave no address, numbering less than 1,600, were excluded from the study.
Of the total of 5,367,580 individual returns tabulated, including 57,429 returns of estates and trusts filed by fiduciaries, 5,191,223 returns showed residence of taxpayers to be within State of filing. The remaining 176,357 returns, or 3.3 percent of the total, reported residence outside State of filing. (See Table I.) However, included in the latter total are the returns of 104,497 residents of the District of Columbia and 4,554 "foreign" residents who filed in Maryland, and 4,350 returns of residents of Alaska who filed in Washington according to filing requirements. (See Tables III and IV.) Excluding this group of returns, the number of returns filed outside State of filing is reduced to 62,956, or 1.2 percent of all returns tabulated. Explanation of the minor variations existing between the two classifications for these returns can be found to a large extent in the proximity of State of residence to that of filing, notably in the case of New Jersey and Connecticut residents who filed in New York.
As in the case of number of returns, the amount of statutory net income 1/ reported on returns showing residence outside of State of filing represented only a small proportion (3.4 percent) of all such income reported. Comparison by individual States of the income reported on a residence basis as against a filing basis of classification shows essentially the same relationship as is shown for number of returns. (See Table II.) 2/
The practice of classifying individual income tax returns on the basis of the filing districts of the taxpayers has long been followed in compiling State data in "Statistics of Income" and other official statistics. The data presented here show that classification of returns on the basis of reported residence does not result in substantial differences between the two methods. The items reported by nonresidents in each State offset to a considerable extent the items reported on returns of residents filing in other States.
1/ Statutory net income (or deficit) represents the amount of gross income reported on Forms 1040 and 1040A minus deductions claimed by the taxpayer. Credits against net income allowed for tax computation are not included in deductions.
2/ Tables similar to Tables I and II for the items total income, total deductions, and salaries and wages, are available in source books on file with the Treasury Department. Also available is a more detailed table from which Tables III and IV were derived and a similar table relating to statutory net income.
52
Table 1.- Reconciliation of Individual Income Tax Returns for 1936 as between State of Filing and State of Residence
<table><tr><th>States and territories</th><th>Total number of returns filed in State</th><th>Deduct returns filed by non-residents</th><th>Add returns filed by residents in other States</th><th>Total number of returns filed by all residents of State</th><th>Total returns filed by all residents of State as percent of total returns filed in State</th></tr><tr><td>Alabama</td><td>31,473</td><td>477</td><td>374</td><td>31,370</td><td>99.7%</td></tr><tr><td>Alaska</td><td>1/</td><td>1/</td><td>4,386 1/</td><td>4,386 1/</td><td>1/</td></tr><tr><td>Arizona</td><td>17,239</td><td>293</td><td>221</td><td>17,167</td><td>99.6</td></tr><tr><td>Arkansas</td><td>16,961</td><td>208</td><td>155</td><td>16,908</td><td>99.7</td></tr><tr><td>California</td><td>424,250</td><td>1,661</td><td>5,247</td><td>427,836</td><td>100.8</td></tr><tr><td>Colorado</td><td>40,700</td><td>349</td><td>323</td><td>40,274</td><td>99.9</td></tr><tr><td>Connecticut</td><td>116,243</td><td>937</td><td>3,247</td><td>118,553</td><td>102.0</td></tr><tr><td>Delaware</td><td>13,588</td><td>336</td><td>114</td><td>13,366</td><td>98.4</td></tr><tr><td>District of Columbia</td><td>1/</td><td>1/</td><td>106,380 1/</td><td>106,380 1/</td><td>1/</td></tr><tr><td>Florida</td><td>45,557</td><td>300</td><td>1,339</td><td>46,596</td><td>102.3</td></tr><tr><td>Georgia</td><td>48,951</td><td>646</td><td>638</td><td>48,943</td><td>100.0</td></tr><tr><td>Hawaii</td><td>15,173</td><td>117</td><td>427</td><td>15,483</td><td>102.0</td></tr><tr><td>Idaho</td><td>14,697</td><td>204</td><td>173</td><td>14,666</td><td>99.8</td></tr><tr><td>Illinois</td><td>417,714</td><td>1,656</td><td>1,854</td><td>417,912</td><td>100.0</td></tr><tr><td>Indiana</td><td>100,148</td><td>555</td><td>693</td><td>100,286</td><td>100.1</td></tr><tr><td>Iowa</td><td>67,823</td><td>220</td><td>302</td><td>67,905</td><td>100.1</td></tr><tr><td>Kansas</td><td>48,028</td><td>534</td><td>888</td><td>48,382</td><td>100.7</td></tr><tr><td>Kentucky</td><td>45,168</td><td>436</td><td>480</td><td>45,212</td><td>100.1</td></tr><tr><td>Louisiana</td><td>47,850</td><td>372</td><td>360</td><td>47,838</td><td>100.0</td></tr><tr><td>Maine</td><td>23,462</td><td>221</td><td>594</td><td>23,835</td><td>101.6</td></tr><tr><td>Maryland</td><td>204,554 1/</td><td>118,450 1/</td><td>512</td><td>86,616</td><td>42.3 1/</td></tr><tr><td>Massachusetts</td><td>288,935</td><td>2,146</td><td>1,731</td><td>288,520</td><td>99.9</td></tr><tr><td>Michigan</td><td>222,617</td><td>862</td><td>833</td><td>222,588</td><td>100.0</td></tr><tr><td>Minnesota</td><td>84,825</td><td>431</td><td>414</td><td>84,808</td><td>100.0</td></tr><tr><td>Mississippi</td><td>16,297</td><td>243</td><td>214</td><td>16,268</td><td>99.8</td></tr><tr><td>Missouri</td><td>128,108</td><td>1,104</td><td>731</td><td>127,735</td><td>99.7</td></tr><tr><td>Montana</td><td>23,437</td><td>248</td><td>141</td><td>23,330</td><td>99.5</td></tr><tr><td>Nebraska</td><td>36,400</td><td>215</td><td>228</td><td>36,413</td><td>100.0</td></tr><tr><td>Nevada</td><td>7,149</td><td>147</td><td>138</td><td>7,110</td><td>99.9</td></tr><tr><td>New Hampshire</td><td>19,635</td><td>437</td><td>382</td><td>19,580</td><td>99.7</td></tr><tr><td>New Jersey</td><td>259,014</td><td>2,641</td><td>19,209</td><td>275,582</td><td>106.4</td></tr><tr><td>New Mexico</td><td>9,972</td><td>192</td><td>134</td><td>9,911</td><td>99.4</td></tr><tr><td>New York</td><td>969,610</td><td>25,288</td><td>5,117</td><td>949,439</td><td>97.9</td></tr><tr><td>North Carolina</td><td>42,371</td><td>305</td><td>480</td><td>42,546</td><td>100.4</td></tr><tr><td>North Dakota</td><td>11,088</td><td>124</td><td>70</td><td>11,034</td><td>99.5</td></tr><tr><td>Ohio</td><td>307,985</td><td>1,176</td><td>1,516</td><td>308,326</td><td>100.1</td></tr><tr><td>Oklahoma</td><td>52,133</td><td>277</td><td>365</td><td>52,221</td><td>100.2</td></tr><tr><td>Oregon</td><td>41,193</td><td>539</td><td>350</td><td>41,004</td><td>99.5</td></tr><tr><td>Pennsylvania</td><td>471,451</td><td>1,894</td><td>2,573</td><td>472,120</td><td>100.1</td></tr><tr><td>Rhode Island</td><td>37,062</td><td>603</td><td>638</td><td>37,097</td><td>100.1</td></tr><tr><td>South Carolina</td><td>20,050</td><td>286</td><td>264</td><td>20,028</td><td>99.9</td></tr><tr><td>South Dakota</td><td>11,067</td><td>140</td><td>81</td><td>11,008</td><td>99.5</td></tr><tr><td>Tennessee</td><td>48,349</td><td>563</td><td>397</td><td>48,183</td><td>99.7</td></tr><tr><td>Texas</td><td>155,165</td><td>642</td><td>1,089</td><td>155,612</td><td>100.3</td></tr><tr><td>Utah</td><td>15,911</td><td>271</td><td>114</td><td>15,754</td><td>99.0</td></tr><tr><td>Vermont</td><td>12,113</td><td>198</td><td>188</td><td>12,303</td><td>99.9</td></tr><tr><td>Virginia</td><td>65,574</td><td>916</td><td>1,591</td><td>66,249</td><td>101.0</td></tr><tr><td>Washington</td><td>85,398 1/</td><td>5,112 1/</td><td>880</td><td>81,166</td><td>95.0 1/</td></tr><tr><td>West Virginia</td><td>49,082</td><td>553</td><td>221</td><td>48,750</td><td>99.3</td></tr><tr><td>Wisconsin</td><td>125,360</td><td>576</td><td>409</td><td>125,193</td><td>99.9</td></tr><tr><td>Wyoming</td><td>10,849</td><td>256</td><td>141</td><td>10,734</td><td>98.9</td></tr><tr><td>Foreign</td><td>1/</td><td>1/</td><td>7,011 1/</td><td>7,011 1/</td><td>1/</td></tr><tr><td>Total</td><td>5,367,580</td><td>176,357</td><td>176,357</td><td>5,367,580</td><td>100.0</td></tr></table>
1/ Returns from Alaska are filed in the collection district of the State of Washington, and returns from the District of Columbia are filed in the collection district of Maryland. Returns of individuals with no legal residence or place of business in the United States are required by income tax regulations to be filed in Maryland, although in fact such returns are not exclusively filed there.
53
Table II.- Reconciliation of Statutory Net Income reported on Individual Income Tax Returns for 1936 as between State of Filing and State of Residence
(In thousands of dollars)
<table><tr><th>States and territories</th><th>Total statutory net income on returns filed in State</th><th>Deduct statutory net income on returns filed by non-residents</th><th>Add statutory net income on returns filed by residents in other States</th><th>Total statutory net income on returns filed by all residents of State</th><th>Total statutory net income on returns filled by all residents as percent of total statutory net income on returns filed in State</th></tr><tr><td>Alabama</td><td>104,676</td><td>1,388</td><td>1,352</td><td>104,640</td><td>100.0%</td></tr><tr><td>Alaska</td><td>50,684</td><td>1,046</td><td>11,069</td><td>60,799</td><td>60.2%</td></tr><tr><td>Arizona</td><td>60,463</td><td>776</td><td>1,336</td><td>62,579</td><td>100.6%</td></tr><tr><td>Arkansas</td><td>1,465,035</td><td>6,325</td><td>19,040</td><td>1,477,750</td><td>100.9%</td></tr><tr><td>California</td><td>145,243</td><td>1,169</td><td>1,186</td><td>145,260</td><td>100.0%</td></tr><tr><td>Colorado</td><td>425,713</td><td>5,212</td><td>32,669</td><td>453,170</td><td>106.4%</td></tr><tr><td>Connecticut</td><td>96,558</td><td>1,120</td><td>653</td><td>98,091</td><td>99.5%</td></tr><tr><td>Delaware</td><td>2/</td><td>2/</td><td>322,445</td><td>322,345</td><td>2/</td></tr><tr><td>District of Columbia</td><td>199,196</td><td>1,312</td><td>10,273</td><td>208,157</td><td>104.5%</td></tr><tr><td>Florida</td><td>178,823</td><td>2,022</td><td>2,262</td><td>179,063</td><td>100.1%</td></tr><tr><td>Georgia</td><td>59,128</td><td>356</td><td>1,662</td><td>60,434</td><td>102.2%</td></tr><tr><td>Hawaii</td><td>40,425</td><td>547</td><td>432</td><td>40,310</td><td>99.7%</td></tr><tr><td>Idaho</td><td>1,549,839</td><td>6,243</td><td>7,491</td><td>1,551,087</td><td>100.1%</td></tr><tr><td>Illinois</td><td>319,868</td><td>2,154</td><td>1,977</td><td>319,691</td><td>99.9%</td></tr><tr><td>Indiana</td><td>179,445</td><td>767</td><td>1,047</td><td>179,725</td><td>100.2%</td></tr><tr><td>Iowa</td><td>136,959</td><td>2,309</td><td>3,552</td><td>138,201</td><td>100.9%</td></tr><tr><td>Kansas</td><td>141,075</td><td>1,292</td><td>1,496</td><td>141,279</td><td>100.1%</td></tr><tr><td>Kentucky</td><td>171,273</td><td>1,122</td><td>1,152</td><td>171,303</td><td>100.0%</td></tr><tr><td>Louisiana</td><td>80,115</td><td>1,046</td><td>2,742</td><td>81,811</td><td>102.1%</td></tr><tr><td>Maine</td><td>681,200</td><td>373,699</td><td>3,155</td><td>310,656</td><td>45.6%</td></tr><tr><td>Maryland</td><td>975,268</td><td>9,144</td><td>6,452</td><td>972,576</td><td>99.7%</td></tr><tr><td>Massachusetts</td><td>771,108</td><td>3,106</td><td>2,808</td><td>770,810</td><td>100.0%</td></tr><tr><td>Michigan</td><td>285,272</td><td>1,847</td><td>1,168</td><td>284,593</td><td>99.8%</td></tr><tr><td>Minnesota</td><td>52,377</td><td>713</td><td>576</td><td>52,240</td><td>99.7%</td></tr><tr><td>Mississippi</td><td>450,124</td><td>4,762</td><td>3,016</td><td>448,378</td><td>99.6%</td></tr><tr><td>Missouri</td><td>63,666</td><td>775</td><td>410</td><td>63,301</td><td>99.4%</td></tr><tr><td>Montana</td><td>109,952</td><td>796</td><td>622</td><td>109,778</td><td>99.8%</td></tr><tr><td>Nebraska</td><td>25,730</td><td>391</td><td>712</td><td>26,051</td><td>101.2%</td></tr><tr><td>Nevada</td><td>61,714</td><td>1,410</td><td>1,595</td><td>61,899</td><td>100.3%</td></tr><tr><td>New Hampshire</td><td>901,045</td><td>10,451</td><td>91,261</td><td>981,855</td><td>109.0%</td></tr><tr><td>New Jersey</td><td>29,555</td><td>539</td><td>356</td><td>29,372</td><td>99.4%</td></tr><tr><td>New Mexico</td><td>3,789,892</td><td>153,320</td><td>22,929</td><td>3,659,501</td><td>96.6%</td></tr><tr><td>New York</td><td>154,436</td><td>1,157</td><td>1,784</td><td>155,063</td><td>100.4%</td></tr><tr><td>North Carolina</td><td>25,843</td><td>325</td><td>187</td><td>25,705</td><td>99.5%</td></tr><tr><td>North Dakota</td><td>1,036,791</td><td>4,744</td><td>5,291</td><td>1,017,338</td><td>100.1%</td></tr><tr><td>Ohio</td><td>163,046</td><td>1,190</td><td>1,078</td><td>162,934</td><td>99.9%</td></tr><tr><td>Oklahoma</td><td>123,222</td><td>1,517</td><td>1,017</td><td>122,722</td><td>99.6%</td></tr><tr><td>Oregon</td><td>1,555,098</td><td>8,444</td><td>10,079</td><td>1,556,733</td><td>100.1%</td></tr><tr><td>Pennsylvania</td><td>126,013</td><td>1,835</td><td>3,537</td><td>127,715</td><td>101.4%</td></tr><tr><td>Rhode Island</td><td>61,486</td><td>934</td><td>909</td><td>61,461</td><td>100.0%</td></tr><tr><td>South Carolina</td><td>27,081</td><td>390</td><td>167</td><td>26,858</td><td>99.2%</td></tr><tr><td>South Dakota</td><td>167,123</td><td>1,587</td><td>1,309</td><td>166,845</td><td>99.8%</td></tr><tr><td>Tennessee</td><td>553,740</td><td>1,993</td><td>3,970</td><td>555,717</td><td>100.4%</td></tr><tr><td>Texas</td><td>49,228</td><td>914</td><td>303</td><td>48,617</td><td>98.8%</td></tr><tr><td>Utah</td><td>35,695</td><td>788</td><td>924</td><td>35,831</td><td>100.4%</td></tr><tr><td>Vermont</td><td>221,402</td><td>3,047</td><td>5,493</td><td>223,848</td><td>101.1%</td></tr><tr><td>Virginia</td><td>244,088</td><td>13,240</td><td>2,456</td><td>233,304</td><td>95.6%</td></tr><tr><td>Washington</td><td>142,390</td><td>1,404</td><td>715</td><td>141,701</td><td>99.5%</td></tr><tr><td>West Virginia</td><td>341,187</td><td>2,118</td><td>1,235</td><td>340,304</td><td>99.7%</td></tr><tr><td>Wisconsin</td><td>29,790</td><td>632</td><td>693</td><td>29,851</td><td>100.2%</td></tr><tr><td>Wyoming</td><td>2/</td><td>2/</td><td>43,017</td><td>43,017</td><td>2/</td></tr><tr><td>Foreign</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>18,659,080</td><td>643,418</td><td>643,418</td><td>18,659,080</td><td>100.0%</td></tr></table>
1/ Statutory net income is reduced by statutory net loss reported on deficit returns.
2/ Returns from Alaska are filed in the collection district of the State of Washington, and returns from the District of Columbia are filed in the collection district of Maryland. Returns of individuals with no legal residence or place of business in the United States are required by income tax regulations to be filed in Maryland, although in fact such returns are not exclusively filed there.
54
Table III.- Number of Individual Income Tax Returns for 1936 Filed out of State of Residence in (1) The Three States of Filing with the Largest Number of Returns and (2) All Other States of Filing
<table><tr><th>State of residence</th><th>Total</th><th>Total number of returns</th><th>Number of returns filed out of State of residence in three States with largest number of returns</th><th>Number of returns</th><th>Number of States</th></tr><tr><td>Alabama</td><td>374</td><td>228</td><td>Maryland (121); Georgia (56); Tennessee (51)</td><td>146</td><td>29</td></tr><tr><td>Alaska 1/</td><td>4,386</td><td>4,372</td><td>Washington (4,350); California (14); Maryland (8)</td><td>14</td><td>9</td></tr><tr><td>Arizona</td><td>221</td><td>111</td><td>California (59); New Mexico (35); New York (17)</td><td>110</td><td>27</td></tr><tr><td>Arkansas</td><td>155</td><td>59</td><td>Texas (24); Louisiana (19); Missouri (16)</td><td>96</td><td>30</td></tr><tr><td>California</td><td>5,247</td><td>3,654</td><td>Maryland (2,989); New York (427); Washington (233)</td><td>1,593</td><td>45</td></tr><tr><td>Colorado</td><td>323</td><td>98</td><td>Wyoming (36); California (31); Maryland (31)</td><td>225</td><td>32</td></tr><tr><td>Connecticut</td><td>3,247</td><td>2,960</td><td>New York (2,598); Massachusetts (253); Maryland (109)</td><td>287</td><td>30</td></tr><tr><td>Delaware</td><td>114</td><td>70</td><td>Pennsylvania (29); Maryland (23); New York (18)</td><td>114</td><td>11</td></tr><tr><td>District of Columbia 1/</td><td>106,380</td><td>104,995</td><td>Maryland (104,497); New York (262); Virginia (236)</td><td>1,385</td><td>46</td></tr><tr><td>Florida</td><td>1,339</td><td>740</td><td>New York (390); Maryland (272); Georgia (78)</td><td>599</td><td>30</td></tr><tr><td>Georgia</td><td>638</td><td>325</td><td>Maryland (201); Alabama (66); Tennessee (58)</td><td>313</td><td>38</td></tr><tr><td>Hawaii</td><td>427</td><td>342</td><td>Maryland (285); California (38); New York (19)</td><td>85</td><td>32</td></tr><tr><td>Idaho</td><td>173</td><td>103</td><td>Washington (61); Utah (24); California (23)</td><td>65</td><td>18</td></tr><tr><td>Illinois</td><td>1,854</td><td>663</td><td>Indiana (255); Maryland (223); Missouri (195)</td><td>1,191</td><td>45</td></tr><tr><td>Indiana</td><td>693</td><td>377</td><td>Illinois (237); Kentucky (87); Ohio (53)</td><td>316</td><td>39</td></tr><tr><td>Iowa</td><td>302</td><td>109</td><td>Illinois (44); Maryland (34); Missouri (31)</td><td>193</td><td>30</td></tr><tr><td>Kansas</td><td>888</td><td>686</td><td>Missouri (366); Maryland (276); Oklahoma (44)</td><td>202</td><td>37</td></tr><tr><td>Kentucky</td><td>480</td><td>287</td><td>Ohio (175); Maryland (70); Tennessee (42)</td><td>193</td><td>34</td></tr><tr><td>Louisiana</td><td>360</td><td>194</td><td>Maryland (83); Texas (54); Mississippi (47)</td><td>166</td><td>29</td></tr><tr><td>Maine</td><td>594</td><td>478</td><td>Massachusetts (210); New Hampshire (173); New York (95)</td><td>116</td><td>19</td></tr><tr><td>Maryland 1/</td><td>512</td><td>250</td><td>New York (121); Virginia (68); Pennsylvania (61)</td><td>262</td><td>39</td></tr><tr><td>Massachusetts</td><td>1,731</td><td>988</td><td>New York (373); Rhode Island (369); Maryland (246)</td><td>743</td><td>41</td></tr><tr><td>Michigan</td><td>833</td><td>380</td><td>Illinois (135); Ohio (133); New York (112)</td><td>453</td><td>40</td></tr><tr><td>Minnesota</td><td>414</td><td>170</td><td>Missouri (82); North Dakota (51); Illinois (37)</td><td>244</td><td>35</td></tr><tr><td>Mississippi</td><td>214</td><td>132</td><td>Louisiana (54); Tennessee (49); Alabama (29)</td><td>82</td><td>16</td></tr><tr><td>Missouri</td><td>731</td><td>370</td><td>Kansas (240); Illinois (78); Maryland (52)</td><td>361</td><td>41</td></tr><tr><td>Montana</td><td>141</td><td>48</td><td>California (18); Washington (17); Maryland (13)</td><td>93</td><td>20</td></tr><tr><td>Nebraska</td><td>223</td><td>73</td><td>Maryland (32); Iowa (21); Missouri (20)</td><td>155</td><td>33</td></tr><tr><td>Nevada</td><td>138</td><td>111</td><td>California (66); Utah (33); New York (12)</td><td>27</td><td>20</td></tr><tr><td>New Hampshire</td><td>382</td><td>297</td><td>Massachusetts (221); New York (46); Maryland (30)</td><td>85</td><td>15</td></tr><tr><td>New Jersey</td><td>19,209</td><td>18,772</td><td>New York (18,255); Pennsylvania (366); Maryland (151)</td><td>477</td><td>34</td></tr><tr><td>New Mexico</td><td>134</td><td>77</td><td>Texas (36); Arizona (26); Colorado (15)</td><td>57</td><td>20</td></tr><tr><td>New York</td><td>5,117</td><td>3,058</td><td>New Jersey (1,425); Maryland (1,207); Connecticut (426)</td><td>2,059</td><td>45</td></tr><tr><td>North Carolina</td><td>480</td><td>209</td><td>Maryland (92); Virginia (65); New York (52)</td><td>271</td><td>31</td></tr><tr><td>North Dakota</td><td>70</td><td>41</td><td>Minnesota (23); Montana (11); South Dakota (7)</td><td>29</td><td>13</td></tr><tr><td>Ohio</td><td>1,516</td><td>651</td><td>Pennsylvania (299); West Virginia (194); New York (158)</td><td>865</td><td>42</td></tr><tr><td>Oklahoma</td><td>365</td><td>194</td><td>Maryland (90); Texas (56); Kansas (48)</td><td>171</td><td>33</td></tr><tr><td>Oregon</td><td>350</td><td>240</td><td>Washington (136); California (83); Maryland (21)</td><td>110</td><td>25</td></tr><tr><td>Pennsylvania</td><td>2,573</td><td>1,616</td><td>New Jersey (619); New York (610); Maryland (387)</td><td>957</td><td>42</td></tr><tr><td>Rhode Island</td><td>638</td><td>510</td><td>Massachusetts (294); Maryland (127); New York (89)</td><td>128</td><td>21</td></tr><tr><td>South Carolina</td><td>264</td><td>174</td><td>Maryland (106); Georgia (42); New York (26)</td><td>90</td><td>23</td></tr><tr><td>South Dakota</td><td>81</td><td>36</td><td>Minnesota (13); Nebraska (12); Maryland (11)</td><td>45</td><td>19</td></tr><tr><td>Tennessee</td><td>397</td><td>189</td><td>Alabama (71); Georgia (48); Kentucky (30)</td><td>248</td><td>30</td></tr><tr><td>Texas</td><td>1,089</td><td>536</td><td>Maryland (353); Louisiana (120); Oklahoma (63)</td><td>553</td><td>42</td></tr><tr><td>Utah</td><td>114</td><td>46</td><td>Idaho (16); California (15); Maryland (15)</td><td>58</td><td>23</td></tr><tr><td>Vermont</td><td>183</td><td>121</td><td>Massachusetts (50); New York (46); New Hampshire (25)</td><td>67</td><td>17</td></tr><tr><td>Virginia</td><td>1,591</td><td>1,235</td><td>Maryland (1,062); New York (92); West Virginia (51)</td><td>356</td><td>40</td></tr><tr><td>Washington 1/</td><td>880</td><td>572</td><td>Oregon (285); Maryland (170); California (117)</td><td>308</td><td>38</td></tr><tr><td>West Virginia</td><td>221</td><td>117</td><td>Pennsylvania (52); Ohio (44); New York (21)</td><td>104</td><td>21</td></tr><tr><td>Wisconsin</td><td>409</td><td>231</td><td>Illinois (159); Michigan (39); Minnesota (33)</td><td>173</td><td>36</td></tr><tr><td>Wyoming</td><td>141</td><td>74</td><td>Montana (32); Maryland (26); Utah (16)</td><td>67</td><td>21</td></tr><tr><td>Foreign 1/</td><td>7,011</td><td>5,602</td><td>Maryland (4,554); New York (821); California (227)</td><td>1,409</td><td>44</td></tr><tr><td>All States of residence</td><td>176,357</td><td>148,850</td><td>Maryland (118,450); New York (25,283); Washington (5,112)</td><td>27,507</td><td>46</td></tr></table>
1/ Returns from Alaska are filed in the collection district of the State of Washington, and returns from the District of Columbia are filed in the collection district of Maryland. Returns of individuals with no legal residence or places of business in the United States are required by income tax regulations to be filed in Maryland, although in fact returns are not exclusively filed there.
55
Table IV.- Number of Individual Income Tax Returns for 1936 Filed by Residents Outside
of State of Filing for (1) The Three States of Residence with the Largest Number of Returns and (2) All Other States of Residence
<table><tr><th>State of filing</th><th colspan="2">Total</th><th>Three States with largest number of returns</th><th colspan="2">All other States</th></tr><tr><th></th><th>Total number of returns</th><th>State of residence (and number of returns)</th><th>Number of returns</th><th>Number of States</th></tr><tr><td>Alabama</td><td>477</td><td>198</td><td>Tennessee (71); Georgia (66); District of Columbia (61)</td><td>279</td><td>31</td></tr><tr><td>Alaska 1/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Arizona</td><td>293</td><td>154</td><td>California (101); Foreign (27); New Mexico (26)</td><td>139</td><td>35</td></tr><tr><td>Arkansas</td><td>208</td><td>80</td><td>District of Columbia (30); Texas (27); Tennessee (23)</td><td>128</td><td>29</td></tr><tr><td>California</td><td>1,661</td><td>545</td><td>Foreign (227); New York (201); Washington (117)</td><td>1,116</td><td>46</td></tr><tr><td>Colorado</td><td>349</td><td>114</td><td>California (65); District of Columbia (25); Foreign (24)</td><td>235</td><td>40</td></tr><tr><td>Connecticut</td><td>937</td><td>640</td><td>New York (426); Massachusetts (114); Rhode Island (70)</td><td>297</td><td>32</td></tr><tr><td>Delaware</td><td>336</td><td>244</td><td>Pennsylvania (180); New Jersey (36); Maryland (28)</td><td>92</td><td>21</td></tr><tr><td>District of Columbia/Florida</td><td>300</td><td>84</td><td>Georgia (33); New York (27); Foreign (24)</td><td>216</td><td>33</td></tr><tr><td>Georgia</td><td>646</td><td>199</td><td>Florida (78); District of Columbia (65); Alabama (56)</td><td>447</td><td>37</td></tr><tr><td>Hawaii</td><td>117</td><td>78</td><td>California (62); New York (10); Washington (6)</td><td>39</td><td>23</td></tr><tr><td>Idaho</td><td>204</td><td>134</td><td>Washington (97); Oregon (21); Utah (16)</td><td>70</td><td>25</td></tr><tr><td>Illinois</td><td>1,656</td><td>546</td><td>Indiana (237); Wisconsin (159); New York (150)</td><td>1,110</td><td>45</td></tr><tr><td>Indiana</td><td>555</td><td>327</td><td>Illinois (245); Ohio (46); Michigan (36)</td><td>228</td><td>35</td></tr><tr><td>Iowa</td><td>220</td><td>92</td><td>Illinois (36); California (29); District of Columbia (27)</td><td>128</td><td>23</td></tr><tr><td>Kansas</td><td>534</td><td>317</td><td>Missouri (240); Oklahoma (48); Illinois (29)</td><td>217</td><td>31</td></tr><tr><td>Kentucky</td><td>436</td><td>206</td><td>Ohio (89); Indiana (87); Tennessee (30)</td><td>230</td><td>35</td></tr><tr><td>Louisiana</td><td>372</td><td>196</td><td>Texas (120); Mississippi (54); Foreign (22)</td><td>176</td><td>35</td></tr><tr><td>Maine</td><td>221</td><td>131</td><td>Massachusetts (76); Foreign (29); New York (26)</td><td>90</td><td>25</td></tr><tr><td>Maryland 1/</td><td>118,450</td><td>112,040</td><td>District of Columbia (104,497); Foreign (4,554); California (2,989)</td><td>6,410</td><td>48</td></tr><tr><td>Massachusetts</td><td>2,116</td><td>910</td><td>New York (363); Rhode Island (294); Connecticut (253)</td><td>1,236</td><td>45</td></tr><tr><td>Michigan</td><td>852</td><td>387</td><td>Foreign (194); Ohio (110); New York (83)</td><td>475</td><td>41</td></tr><tr><td>Minnesota</td><td>431</td><td>160</td><td>California (69); Illinois (55); Foreign (36)</td><td>271</td><td>34</td></tr><tr><td>Missippi</td><td>243</td><td>99</td><td>Louisiana (47); District of Columbia (27); Tennessee (25)</td><td>144</td><td>32</td></tr><tr><td>Missouri</td><td>1,104</td><td>631</td><td>Kansas (366); Illinois (195); California (70)</td><td>473</td><td>38</td></tr><tr><td>Montana</td><td>248</td><td>109</td><td>Washington (45); Wyoming (32); District of Columbia (32)</td><td>139</td><td>26</td></tr><tr><td>Nebraska</td><td>215</td><td>72</td><td>California (33); Missouri (21); Iowa (18)</td><td>143</td><td>27</td></tr><tr><td>Nevada</td><td>147</td><td>106</td><td>California (94); Utah (7); Arizona (5)</td><td>41</td><td>18</td></tr><tr><td>New Hampshire</td><td>437</td><td>344</td><td>Maine (173); Massachusetts (146); Vermont (25)</td><td>93</td><td>20</td></tr><tr><td>New Jersey</td><td>2,641</td><td>2,118</td><td>New York (1,425); Pennsylvania (619); Foreign (74)</td><td>523</td><td>36</td></tr><tr><td>New Mexico</td><td>192</td><td>111</td><td>Texas (52); Arizona (35); California (24)</td><td>81</td><td>28</td></tr><tr><td>New York</td><td>25,285</td><td>21,674</td><td>New Jersey (18,255); Connecticut (2,598); Foreign (821)</td><td>3,614</td><td>48</td></tr><tr><td>North Carolina</td><td>305</td><td>109</td><td>District of Columbia (51); Georgia (31); New York (27)</td><td>196</td><td>30</td></tr><tr><td>North Dakota</td><td>124</td><td>68</td><td>Minnesota (51); California (9); District of Columbia (8)</td><td>56</td><td>21</td></tr><tr><td>Ohio</td><td>1,176</td><td>449</td><td>Kentucky (175); Pennsylvania (141); Michigan (133)</td><td>727</td><td>38</td></tr><tr><td>Oklahoma</td><td>277</td><td>131</td><td>Texas (63); Kansas (44); California (24)</td><td>146</td><td>33</td></tr><tr><td>Oregon</td><td>539</td><td>414</td><td>Washington (285); California (109); Idaho (20)</td><td>125</td><td>31</td></tr><tr><td>Pennsylvania</td><td>1,894</td><td>997</td><td>New Jersey (366); New York (32); Ohio (299)</td><td>897</td><td>45</td></tr><tr><td>Rhode Island</td><td>603</td><td>488</td><td>Massachusetts (369); Connecticut (60); New York (59)</td><td>115</td><td>25</td></tr><tr><td>South Carolina</td><td>286</td><td>126</td><td>North Carolina (48); District of Columbia (40); Georgia (38)</td><td>160</td><td>26</td></tr><tr><td>South Dakota</td><td>140</td><td>60</td><td>Minnesota (24); Nebraska (20); Iowa (16)</td><td>80</td><td>21</td></tr><tr><td>Tennessee</td><td>563</td><td>167</td><td>District of Columbia (58); Georgia (58); Alabama (51)</td><td>396</td><td>32</td></tr><tr><td>Texas</td><td>642</td><td>248</td><td>Foreign (128); Louisiana (64); Oklahoma (56)</td><td>394</td><td>16</td></tr><tr><td>Utah</td><td>271</td><td>139</td><td>California (79); Nevada (33); Colorado (27)</td><td>132</td><td>30</td></tr><tr><td>Vermont</td><td>198</td><td>113</td><td>Massachusetts (52); New York (32); New Hampshire (29)</td><td>85</td><td>26</td></tr><tr><td>Virginia</td><td>916</td><td>420</td><td>District of Columbia (236); New York (116); Maryland (68)</td><td>496</td><td>39</td></tr><tr><td>Washington 1/</td><td>5,112</td><td>4,724</td><td>Aleksa (4,350); California (238); Oregon (136)</td><td>388</td><td>42</td></tr><tr><td>West Virginia</td><td>553</td><td>356</td><td>Ohio (194); Virginia (81); Pennsylvania (81)</td><td>197</td><td>28</td></tr><tr><td>Wisconsin</td><td>576</td><td>209</td><td>Minnesota (82); Michigan (79); California (48)</td><td>367</td><td>44</td></tr><tr><td>Wyoming</td><td>256</td><td>186</td><td>Illinois (135); Colorado (36); California (15)</td><td>70</td><td>21</td></tr><tr><th>All States of filing</th><th>176,357</th><th>132,600</th><th>District of Columbia (106,380); New Jersey (19,209); Foreign (7,011)</th><th>43,757</th><th>49</th></tr></table>
1/ Returns from Alaska are filed in the collection district of the State of Washington, and returns from the District of Columbia are filed in the collection district of Maryland. Returns of individuals with no legal residence or place of business in the United States are required by income tax regulations to be filed in Maryland, although in fact such returns are not exclusively filled there.
55
Table IV.- Number of Individual Income Tax Returns for 1936 Filed by Residents Outside of State of Filing for (1) The Three States of Residence with the Largest Number of Returns and (2) All Other States of Residence
<table><tr><th>State of filing</th><th>Total</th><th colspan="2">Three States with largest number of returns</th><th colspan="2">All other States</th></tr><tr><th></th><th></th><th>Total number of returns</th><th>State of residence (and number of returns)</th><th>Number of returns</th><th>Number of States</th></tr><tr><td>Alabama</td><td>477</td><td>198</td><td>Tennessee (71); Georgia (66); District of Columbia (61)</td><td>279</td><td>31</td></tr><tr><td>Alaska 1/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Arizona</td><td>293</td><td>154</td><td>California (101); Foreign (27); New Mexico (26)</td><td>139</td><td>35</td></tr><tr><td>Arkansas</td><td>208</td><td>80</td><td>District of Columbia (30); Texas (27); Tennessee (23)</td><td>128</td><td>29</td></tr><tr><td>California</td><td>1,661</td><td>545</td><td>Foreign (227); New York (201); Washington (117)</td><td>1,116</td><td>46</td></tr><tr><td>Colorado</td><td>349</td><td>114</td><td>California (65); District of Columbia (25); Foreign (24)</td><td>235</td><td>40</td></tr><tr><td>Connecticut</td><td>937</td><td>640</td><td>New York (426); Massachusetts (144); Rhode Island (70)</td><td>297</td><td>32</td></tr><tr><td>Delaware</td><td>336</td><td>244</td><td>Pennsylvania (180); New Jersey (36); Maryland (28)</td><td>92</td><td>21</td></tr><tr><td>District of Columbia/Florida</td><td>300</td><td>84</td><td>Georgia (33); New York (27); Foreign (24)</td><td>216</td><td>33</td></tr><tr><td>Georgia</td><td>646</td><td>199</td><td>Florida (78); District of Columbia (65); Alabama (56)</td><td>447</td><td>37</td></tr><tr><td>Hawaii</td><td>117</td><td>78</td><td>California (62); New York (10); Washington (6)</td><td>39</td><td>23</td></tr><tr><td>Iowa</td><td>204</td><td>134</td><td>Washington (97); Oregon (21); Utah (16)</td><td>70</td><td>25</td></tr><tr><td>Illinois</td><td>1,656</td><td>546</td><td>Indiana (237); Wisconsin (159); New York (150)</td><td>1,110</td><td>45</td></tr><tr><td>Indiana</td><td>555</td><td>327</td><td>Illinois (245); Ohio (46); Michigan (36)</td><td>228</td><td>35</td></tr><tr><td>Iowa</td><td>220</td><td>92</td><td>Illinois (36); California (29); District of Columbia (27)</td><td>128</td><td>23</td></tr><tr><td>Kansas</td><td>534</td><td>317</td><td>Missouri (240); Oklahoma (48); Illinois (29)</td><td>217</td><td>31</td></tr><tr><td>Kentucky</td><td>436</td><td>206</td><td>Ohio (89); Indiana (87); Tennessee (30)</td><td>230</td><td>35</td></tr><tr><td>Louisiana</td><td>372</td><td>196</td><td>Texas (120); Mississippi (54); Foreign (22)</td><td>176</td><td>35</td></tr><tr><td>Maine</td><td>221</td><td>131</td><td>Massachusetts (76); Foreign (29); New York (26)</td><td>90</td><td>25</td></tr><tr><td>Maryland 1/</td><td>118,450</td><td>112,040</td><td>District of Columbia (104,497); Foreign (4,554); California (2,989)</td><td>6,410</td><td>48</td></tr><tr><td>Massachusetts</td><td>2,146</td><td>910</td><td>New York (363); Rhode Island (294); Connecticut (253)</td><td>1,236</td><td>45</td></tr><tr><td>Michigan</td><td>862</td><td>387</td><td>Foreign (194); Ohio (110); New York (83)</td><td>475</td><td>41</td></tr><tr><td>Minnesota</td><td>471</td><td>160</td><td>California (69); Illinois (55); Foreign (36)</td><td>271</td><td>34</td></tr><tr><td>Mississippi</td><td>243</td><td>99</td><td>Louisiana (47); District of Columbia (27); Tennessee (25)</td><td>144</td><td>32</td></tr><tr><td>Missouri</td><td>1,104</td><td>671</td><td>Kansas (366); Illinois (195); California (70)</td><td>473</td><td>38</td></tr><tr><td>Montana</td><td>248</td><td>109</td><td>Washington (45); Wyoming (32); District of Columbia (32)</td><td>139</td><td>26</td></tr><tr><td>Nebraska</td><td>215</td><td>72</td><td>California (33); Missouri (21); Iowa (18)</td><td>143</td><td>27</td></tr><tr><td>Nevada</td><td>147</td><td>106</td><td>California (94); Utah (7); Arizona (5)</td><td>41</td><td>18</td></tr><tr><td>New Hampshire</td><td>437</td><td>344</td><td>Maine (173); Massachusetts (146); Vermont (25)</td><td>93</td><td>20</td></tr><tr><td>New Jersey</td><td>2,641</td><td>2,118</td><td>New York (1,425); Pennsylvania (619); Foreign (74)</td><td>523</td><td>36</td></tr><tr><td>New Mexico</td><td>192</td><td>111</td><td>Texas (52); Arizona (35); California (24)</td><td>81</td><td>28</td></tr><tr><td>New York</td><td>25,288</td><td>21,674</td><td>New Jersey (18,255); Connecticut (2,598); Foreign (821)</td><td>3,614</td><td>48</td></tr><tr><td>North Carolina</td><td>305</td><td>109</td><td>District of Columbia (51); Georgia (31); New York (27)</td><td>196</td><td>30</td></tr><tr><td>North Dakota</td><td>124</td><td>68</td><td>Minnesota (51); California (9); District of Columbia (8)</td><td>56</td><td>21</td></tr><tr><td>Ohio</td><td>1,176</td><td>449</td><td>Kentucky (175); Pennsylvania (141); Michigan (133)</td><td>727</td><td>38</td></tr><tr><td>Oklahoma</td><td>277</td><td>131</td><td>Texas (63); Kansas (44); California (24)</td><td>146</td><td>33</td></tr><tr><td>Oregon</td><td>539</td><td>414</td><td>Washington (285); California (109); Idaho (20)</td><td>125</td><td>31</td></tr><tr><td>Pennsylvania</td><td>1,894</td><td>997</td><td>New Jersey (366); New York (32); Ohio (299)</td><td>897</td><td>45</td></tr><tr><td>Rhode Island</td><td>603</td><td>488</td><td>Massachusetts (369); Connecticut (60); New York (59)</td><td>115</td><td>25</td></tr><tr><td>South Carolina</td><td>286</td><td>126</td><td>North Carolina (48); District of Columbia (40); Georgia (38)</td><td>160</td><td>26</td></tr><tr><td>South Dakota</td><td>140</td><td>60</td><td>Minnesota (24); Nebraska (20); Iowa (16)</td><td>80</td><td>21</td></tr><tr><td>Tennessee</td><td>563</td><td>167</td><td>District of Columbia (58); Georgia (58); Alabama (51)</td><td>396</td><td>32</td></tr><tr><td>Texas</td><td>642</td><td>248</td><td>Foreign (128); Louisiana (64); Oklahoma (56)</td><td>394</td><td>36</td></tr><tr><td>Utah</td><td>271</td><td>139</td><td>California (79); Nevada (33); Colorado (27)</td><td>132</td><td>30</td></tr><tr><td>Vermont</td><td>198</td><td>113</td><td>Massachusetts (52); New York (32); New Hampshire (29)</td><td>85</td><td>26</td></tr><tr><td>Virginia</td><td>916</td><td>420</td><td>District of Columbia (236); New York (116); Maryland (68)</td><td>496</td><td>39</td></tr><tr><td>Washington 1/</td><td>5,112</td><td>4,724</td><td>Alaska (4,350); California (238); Oregon (136)</td><td>388</td><td>42</td></tr><tr><td>West Virginia</td><td>553</td><td>356</td><td>Ohio (194); Virginia (81); Pennsylvania (81)</td><td>197</td><td>28</td></tr><tr><td>Wisconsin</td><td>576</td><td>209</td><td>Minnesota (82); Michigan (79); California (48)</td><td>367</td><td>44</td></tr><tr><td>Wyoming</td><td>256</td><td>186</td><td>Illinois (135); Colorado (36); California (15)</td><td>70</td><td>21</td></tr><tr><td>All States of filing</td><td>176,357</td><td>132,600</td><td>District of Columbia (106,380); New Jersey (19,209); Foreign (7,011)</td><td>43,757</td><td>49</td></tr></table>
1/ Returns from Alaska are filed in the collection district of the State of Washington, and returns from the District of Columbia are filed in the collection district of Maryland. Returns of individuals with no legal residence or place of business in the United States are required by income tax regulations to be filed in Maryland, although in fact such returns are not exclusively filed there.
CUSTOMS STATISTICS
- 56 -
57
Customs Duties and Taxes Collected, and Values of Dutiable and Taxable Imports, Estimated by Tariff Schedules
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="6">1940</th><th colspan="7">1941</th></tr><tr><th>1940</th><th>1941</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th></tr><tr><td>Chemicals, oils and paints</td><td>16,527</td><td>10,926</td><td>1,106</td><td>731</td><td>649</td><td>854</td><td>621</td><td>802</td><td>935</td><td>843</td><td>870</td><td>919</td><td>1,111</td><td>1,486</td><td>1,235</td></tr><tr><td>Earthe, earthenware and glassware</td><td>9,921</td><td>8,189</td><td>772</td><td>781</td><td>667</td><td>734</td><td>785</td><td>654</td><td>583</td><td>579</td><td>613</td><td>710</td><td>615</td><td>696</td><td>674</td></tr><tr><td>Metals and manufactures</td><td>27,302</td><td>40,663</td><td>2,406</td><td>3,462</td><td>2,637</td><td>3,495</td><td>3,114</td><td>3,229</td><td>2,796</td><td>2,711</td><td>3,587</td><td>4,410</td><td>4,653</td><td>4,162</td><td>3,071</td></tr><tr><td>Wood and manufactures</td><td>1,842</td><td>1,977</td><td>138</td><td>131</td><td>139</td><td>157</td><td>147</td><td>152</td><td>148</td><td>160</td><td>162</td><td>196</td><td>196</td><td>251</td><td>254</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>57,723</td><td>52,193</td><td>4,395</td><td>3,472</td><td>3,004</td><td>2,464</td><td>2,462</td><td>1,816</td><td>3,585</td><td>4,399</td><td>6,199</td><td>8,695</td><td>6,196</td><td>5,505</td><td>4,356</td></tr><tr><td>Tobacco and manufactures</td><td>22,634</td><td>22,558</td><td>1,924</td><td>2,146</td><td>1,869</td><td>1,993</td><td>1,569</td><td>1,828</td><td>2,002</td><td>1,552</td><td>1,969</td><td>1,810</td><td>1,924</td><td>1,973</td><td>1,847</td></tr><tr><td>Agricultural products and provisions</td><td>53,063</td><td>47,646</td><td>2,923</td><td>2,613</td><td>2,422</td><td>3,804</td><td>3,888</td><td>3,574</td><td>4,495</td><td>4,354</td><td>5,123</td><td>6,271</td><td>4,799</td><td>3,380</td><td>3,545</td></tr><tr><td>Spirits, wines and other beverages</td><td>37,122</td><td>31,005</td><td>2,059</td><td>1,409</td><td>2,168</td><td>3,121</td><td>3,453</td><td>3,894</td><td>1,610</td><td>1,723</td><td>2,372</td><td>2,823</td><td>4,042</td><td>2,333</td><td>1,999</td></tr><tr><td>Cotton manufactures</td><td>9,103</td><td>5,756</td><td>408</td><td>469</td><td>480</td><td>476</td><td>605</td><td>511</td><td>440</td><td>481</td><td>477</td><td>552</td><td>449</td><td>407</td><td>406</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>10,431</td><td>9,379</td><td>1,091</td><td>524</td><td>658</td><td>905</td><td>707</td><td>794</td><td>655</td><td>838</td><td>822</td><td>702</td><td>616</td><td>366</td><td>894</td></tr><tr><td>Wool and manufactures</td><td>42,690</td><td>96,296</td><td>2,930</td><td>2,794</td><td>3,469</td><td>5,444</td><td>5,032</td><td>8,252</td><td>10,820</td><td>10,664</td><td>9,834</td><td>14,106</td><td>11,275</td><td>11,677</td><td>10,494</td></tr><tr><td>Silk manufactures</td><td>2,616</td><td>1,786</td><td>134</td><td>154</td><td>155</td><td>207</td><td>196</td><td>149</td><td>148</td><td>136</td><td>139</td><td>124</td><td>145</td><td>101</td><td>169</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>2,461</td><td>992</td><td>50</td><td>46</td><td>31</td><td>46</td><td>91</td><td>141</td><td>93</td><td>90</td><td>124</td><td>103</td><td>75</td><td>101</td><td>39</td></tr><tr><td>Pulp, paper and books</td><td>1,720</td><td>1,089</td><td>99</td><td>94</td><td>70</td><td>86</td><td>112</td><td>96</td><td>99</td><td>84</td><td>77</td><td>103</td><td>87</td><td>83</td><td>83</td></tr><tr><td>Sundries</td><td>33,401</td><td>26,404</td><td>1,852</td><td>2,086</td><td>1,796</td><td>2,455</td><td>2,416</td><td>3,011</td><td>2,201</td><td>1,990</td><td>2,361</td><td>2,261</td><td>2,026</td><td>1,949</td><td>2,128</td></tr><tr><td>Miscellaneous 2/</td><td>273</td><td>305</td><td>29</td><td>62</td><td>17</td><td>27</td><td>18</td><td>25</td><td>13</td><td>49</td><td>16</td><td>15</td><td>18</td><td>15</td><td>19</td></tr><tr><td>Free list 3/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Crude petroleum</td><td>5,142</td><td>6,043</td><td>550</td><td>575</td><td>582</td><td>543</td><td>576</td><td>591</td><td>328</td><td>341</td><td>437</td><td>531</td><td>446</td><td>545</td><td>602</td></tr><tr><td>Fuel oil, etc. 4/</td><td>2,243</td><td>3,588</td><td>249</td><td>226</td><td>206</td><td>347</td><td>395</td><td>470</td><td>275</td><td>285</td><td>483</td><td>243</td><td>198</td><td>211</td><td>199</td></tr><tr><td>Motor fuel and lubricating oil</td><td>35</td><td>66</td><td>4</td><td>-</td><td>1</td><td>20</td><td>3</td><td>5</td><td>3</td><td>1</td><td>1</td><td>1</td><td>1</td><td>27</td><td>1</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>581</td><td>433</td><td>32</td><td>155</td><td>65</td><td>83</td><td>43</td><td>15</td><td>2</td><td>20</td><td>1</td><td>19</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Seed oils</td><td>1,561</td><td>446</td><td>37</td><td>40</td><td>43</td><td>74</td><td>40</td><td>18</td><td>16</td><td>17</td><td>29</td><td>47</td><td>40</td><td>45</td><td>30</td></tr><tr><td>Oil seeds</td><td>362</td><td>209</td><td>17</td><td>12</td><td>16</td><td>14</td><td>19</td><td>22</td><td>23</td><td>19</td><td>23</td><td>13</td><td>15</td><td>17</td><td>13</td></tr><tr><td>Animal, fish, and coconut oil</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Copper</td><td>1,036</td><td>17,002</td><td>335</td><td>680</td><td>1,073</td><td>1,392</td><td>961</td><td>965</td><td>700</td><td>1,285</td><td>3,008</td><td>4,234</td><td>1,154</td><td>1,217</td><td>700</td></tr><tr><td>Lumber of specified types</td><td>215</td><td>270</td><td>21</td><td>25</td><td>22</td><td>25</td><td>22</td><td>24</td><td>19</td><td>23</td><td>22</td><td>19</td><td>23</td><td>25</td><td>28</td></tr><tr><td>Red cedar shingles</td><td>-</td><td>81</td><td>-</td><td>-</td><td>-</td><td>32</td><td>38</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Coal and related products</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total free list</td><td>11,178</td><td>28,141</td><td>1,244</td><td>1,714</td><td>2,009</td><td>2,530</td><td>2,097</td><td>2,119</td><td>1,366</td><td>1,990</td><td>4,004</td><td>5,106</td><td>1,876</td><td>2,087</td><td>1,574</td></tr><tr><td>Total duties and taxes</td><td>340,006</td><td>385,306</td><td>23,562</td><td>22,687</td><td>22,441</td><td>28,796</td><td>27,313</td><td>31,048</td><td>31,987</td><td>32,642</td><td>38,749</td><td>48,905</td><td>40,104</td><td>37,072</td><td>32,785</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="7">1940</th><th colspan="7">1941</th></tr><tr><th>1940</th><th>1941</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th></tr><tr><td>Chemicals, oils and paints</td><td>51,193</td><td>38,187</td><td>3,071</td><td>2,876</td><td>2,187</td><td>2,896</td><td>2,467</td><td>2,940</td><td>3,010</td><td>3,324</td><td>3,419</td><td>3,490</td><td>3,985</td><td>4,562</td><td>4,321</td></tr><tr><td>Earthen, earthenware and glassware</td><td>23,508</td><td>22,797</td><td>1,945</td><td>1,879</td><td>1,647</td><td>1,902</td><td>1,966</td><td>1,972</td><td>1,740</td><td>1,675</td><td>1,938</td><td>1,985</td><td>1,794</td><td>2,355</td><td>2,301</td></tr><tr><td>Metals and manufactures</td><td>93,374</td><td>122,262</td><td>8,566</td><td>10,103</td><td>8,633</td><td>10,199</td><td>9,762</td><td>10,142</td><td>8,798</td><td>7,912</td><td>10,634</td><td>12,112</td><td>13,328</td><td>12,072</td><td>8,984</td></tr><tr><td>Wood and manufactures</td><td>17,266</td><td>22,615</td><td>1,455</td><td>1,392</td><td>1,505</td><td>1,753</td><td>1,709</td><td>1,690</td><td>1,580</td><td>1,729</td><td>2,204</td><td>2,018</td><td>2,487</td><td>3,074</td><td>3,495</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>110,543</td><td>111,991</td><td>9,168</td><td>7,259</td><td>6,134</td><td>4,980</td><td>5,603</td><td>3,623</td><td>7,645</td><td>9,202</td><td>13,468</td><td>17,150</td><td>11,447</td><td>13,310</td><td>10,658</td></tr><tr><td>Tobacco and manufactures</td><td>36,166</td><td>37,304</td><td>3,167</td><td>3,525</td><td>3,169</td><td>3,366</td><td>2,614</td><td>2,881</td><td>3,249</td><td>2,530</td><td>3,283</td><td>2,981</td><td>3,304</td><td>3,235</td><td>3,114</td></tr><tr><td>Agricultural products and provisions</td><td>169,932</td><td>142,240</td><td>9,495</td><td>9,201</td><td>9,035</td><td>12,860</td><td>12,372</td><td>10,966</td><td>11,808</td><td>11,317</td><td>12,879</td><td>15,106</td><td>14,867</td><td>12,734</td><td>12,781</td></tr><tr><td>Spirits, wines and other beverages</td><td>62,523</td><td>50,095</td><td>3,388</td><td>2,355</td><td>3,483</td><td>4,967</td><td>5,412</td><td>6,432</td><td>2,565</td><td>2,769</td><td>3,919</td><td>4,552</td><td>6,535</td><td>3,599</td><td>3,283</td></tr><tr><td>Cotton manufactures</td><td>25,408</td><td>16,749</td><td>1,163</td><td>1,327</td><td>1,369</td><td>1,388</td><td>1,751</td><td>1,531</td><td>1,264</td><td>1,414</td><td>1,423</td><td>1,623</td><td>1,338</td><td>1,157</td><td>1,202</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>62,117</td><td>61,599</td><td>7,971</td><td>3,459</td><td>6,249</td><td>5,704</td><td>4,143</td><td>4,676</td><td>3,879</td><td>5,307</td><td>5,406</td><td>4,522</td><td>4,087</td><td>6,197</td><td>6,842</td></tr><tr><td>Wool and manufactures</td><td>64,351</td><td>142,713</td><td>4,846</td><td>4,419</td><td>5,048</td><td>7,642</td><td>7,330</td><td>11,877</td><td>15,703</td><td>15,188</td><td>14,613</td><td>21,265</td><td>16,875</td><td>17,909</td><td>15,895</td></tr><tr><td>Silk manufactures</td><td>4,938</td><td>3,366</td><td>255</td><td>287</td><td>295</td><td>395</td><td>371</td><td>276</td><td>276</td><td>253</td><td>258</td><td>232</td><td>273</td><td>189</td><td>332</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>8,203</td><td>3,274</td><td>124</td><td>103</td><td>69</td><td>102</td><td>299</td><td>503</td><td>334</td><td>330</td><td>449</td><td>357</td><td>275</td><td>330</td><td>131</td></tr><tr><td>Pulp, paper and books</td><td>9,572</td><td>6,850</td><td>636</td><td>580</td><td>454</td><td>495</td><td>591</td><td>540</td><td>636</td><td>521</td><td>488</td><td>739</td><td>580</td><td>590</td><td>625</td></tr><tr><td>Sandriees</td><td>127,265</td><td>112,459</td><td>7,234</td><td>7,790</td><td>6,573</td><td>8,763</td><td>9,500</td><td>12,687</td><td>10,119</td><td>8,744</td><td>9,797</td><td>11,030</td><td>10,210</td><td>10,009</td><td>11,339</td></tr><tr><td>Miscellaneous 2/</td><td>275</td><td>367</td><td>39</td><td>93</td><td>15</td><td>23</td><td>16</td><td>29</td><td>11</td><td>83</td><td>16</td><td>9</td><td>14</td><td>18</td><td>12</td></tr><tr><td>Free list 3/</td><td>52,724</td><td>116,390</td><td>6,581</td><td>8,209</td><td>8,837</td><td>10,713</td><td>9,636</td><td>10,027</td><td>7,062</td><td>8,582</td><td>14,326</td><td>16,042</td><td>7,628</td><td>8,746</td><td>7,844</td></tr><tr><td>Total value of dutiable and taxable imports</td><td>919,709</td><td>1,011,262</td><td>69,106</td><td>64,858</td><td>64,663</td><td>78,151</td><td>75,559</td><td>82,791</td><td>79,682</td><td>80,881</td><td>98,519</td><td>115,234</td><td>102,031</td><td>99,787</td><td>92,757</td></tr></table>
Source: For values, reports of the Bureau of Foreign and Domestic Commerce; the figures for customs duties and taxes are computed on the basis of the quantity and value figures.
1/ Includes taxable sugar from the Philippine Islands.
2/ Comprises articles dutiable under paragraph 1615 and repairs on vessels dutiable under Section 465 of the Tariff Act of 1930; the taxable copper content of dutiable articles taxed under the Revenue Act of 1932 and taxes on articles composed in chief value of manufactured sugar under the Sugar Act of 1937, which cannot be allocated to appropriate schedules. Taxes collected on other dutiable commodities under the revenue acts and the Sugar Act of 1937 are included in appropriate schedules.
3/ Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts.
4/ Comprises fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other motor fuel.
58
Custom Duties and Taxes Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which imports originated</th><th colspan="2">Fiscal year</th><th colspan="6">1940</th><th colspan="8">1941</th></tr><tr><th></th><th>1940</th><th>1941</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>8,579</td><td>1,540</td><td>162</td><td>127</td><td>120</td><td>120</td><td>207</td><td>263</td><td>128</td><td>82</td><td>71</td><td>153</td><td>41</td><td>69</td><td>186</td></tr><tr><td>Czechoslovakia</td><td>186</td><td>66</td><td>13</td><td>4</td><td>5</td><td>5</td><td>3</td><td>8</td><td>3</td><td>16</td><td>3</td><td>2</td><td>3</td><td>1</td><td>1</td></tr><tr><td>France</td><td>19,124</td><td>4,461</td><td>675</td><td>450</td><td>472</td><td>720</td><td>489</td><td>433</td><td>226</td><td>247</td><td>278</td><td>165</td><td>176</td><td>130</td><td>70</td></tr><tr><td>Germany</td><td>5,068</td><td>1,723</td><td>136</td><td>120</td><td>138</td><td>165</td><td>149</td><td>110</td><td>157</td><td>141</td><td>162</td><td>128</td><td>134</td><td>182</td><td>98</td></tr><tr><td>Greece</td><td>7,522</td><td>6,643</td><td>674</td><td>638</td><td>498</td><td>602</td><td>477</td><td>616</td><td>607</td><td>389</td><td>682</td><td>476</td><td>496</td><td>490</td><td>417</td></tr><tr><td>Italy</td><td>12,748</td><td>1,894</td><td>378</td><td>261</td><td>242</td><td>213</td><td>185</td><td>174</td><td>92</td><td>71</td><td>84</td><td>59</td><td>71</td><td>64</td><td>54</td></tr><tr><td>Netherlands</td><td>3,627</td><td>141</td><td>26</td><td>11</td><td>12</td><td>12</td><td>16</td><td>26</td><td>7</td><td>5</td><td>9</td><td>8</td><td>6</td><td>3</td><td>6</td></tr><tr><td>Norway</td><td>2,990</td><td>175</td><td>28</td><td>41</td><td>6</td><td>9</td><td>5</td><td>51</td><td>18</td><td>5</td><td>2</td><td>3</td><td>-</td><td>5</td><td>-</td></tr><tr><td>Poland</td><td>694</td><td>32</td><td>2</td><td>6</td><td>1</td><td>6</td><td>5</td><td>4</td><td>2</td><td>1</td><td>-</td><td>1</td><td>-</td><td>4</td><td>-</td></tr><tr><td>Spain</td><td>3,302</td><td>3,436</td><td>370</td><td>256</td><td>215</td><td>317</td><td>260</td><td>303</td><td>231</td><td>196</td><td>214</td><td>409</td><td>338</td><td>325</td><td>279</td></tr><tr><td>Sweden</td><td>1,925</td><td>763</td><td>53</td><td>140</td><td>28</td><td>8</td><td>48</td><td>26</td><td>40</td><td>84</td><td>38</td><td>169</td><td>60</td><td>68</td><td>61</td></tr><tr><td>Switzerland</td><td>11,846</td><td>11,877</td><td>703</td><td>792</td><td>940</td><td>1,534</td><td>806</td><td>809</td><td>719</td><td>1,018</td><td>835</td><td>1,305</td><td>1,258</td><td>1,158</td><td>1,081</td></tr><tr><td>U.S.S.R.</td><td>2,952</td><td>2,793</td><td>273</td><td>561</td><td>80</td><td>78</td><td>114</td><td>154</td><td>154</td><td>112</td><td>157</td><td>654</td><td>346</td><td>109</td><td>114</td></tr><tr><td>United Kingdom</td><td>44,021</td><td>40,063</td><td>3,286</td><td>2,516</td><td>2,609</td><td>3,272</td><td>3,693</td><td>4,227</td><td>2,599</td><td>2,529</td><td>3,476</td><td>4,087</td><td>4,526</td><td>3,242</td><td>3,119</td></tr><tr><td>Other Europe</td><td>6,125</td><td>4,652</td><td>373</td><td>389</td><td>443</td><td>396</td><td>401</td><td>407</td><td>333</td><td>341</td><td>414</td><td>435</td><td>391</td><td>326</td><td>441</td></tr><tr><td>Total Europe</td><td>130,709</td><td>80,256</td><td>7,151</td><td>6,313</td><td>5,809</td><td>7,457</td><td>6,860</td><td>7,611</td><td>5,316</td><td>5,236</td><td>6,425</td><td>8,055</td><td>7,848</td><td>6,176</td><td>5,928</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>20,284</td><td>27,071</td><td>1,428</td><td>1,618</td><td>1,812</td><td>2,432</td><td>2,649</td><td>2,635</td><td>1,995</td><td>1,993</td><td>2,224</td><td>2,553</td><td>3,048</td><td>2,684</td><td>2,362</td></tr><tr><td>Cuba</td><td>60,590</td><td>55,137</td><td>4,900</td><td>3,828</td><td>3,503</td><td>3,092</td><td>2,590</td><td>1,630</td><td>4,008</td><td>4,826</td><td>6,976</td><td>8,010</td><td>6,436</td><td>5,339</td><td>3,941</td></tr><tr><td>Dominican Republic</td><td>1,291</td><td>1,880</td><td>8</td><td>9</td><td>7</td><td>17</td><td>163</td><td>469</td><td>74</td><td>145</td><td>38</td><td>498</td><td>38</td><td>412</td><td>405</td></tr><tr><td>Meico</td><td>8,209</td><td>19,584</td><td>895</td><td>716</td><td>831</td><td>1,355</td><td>1,412</td><td>1,412</td><td>1,653</td><td>1,756</td><td>2,300</td><td>3,292</td><td>2,414</td><td>1,548</td><td>1,372</td></tr><tr><td>Netherlands West Indies</td><td>1,773</td><td>1,370</td><td>114</td><td>90</td><td>83</td><td>79</td><td>55</td><td>92</td><td>143</td><td>105</td><td>243</td><td>104</td><td>93</td><td>167</td><td>83</td></tr><tr><td>Other Countries</td><td>918</td><td>2,438</td><td>50</td><td>77</td><td>193</td><td>206</td><td>240</td><td>194</td><td>189</td><td>147</td><td>187</td><td>302</td><td>447</td><td>206</td><td>196</td></tr><tr><td>Total North and Central America</td><td>93,065</td><td>107,480</td><td>7,396</td><td>6,338</td><td>6,430</td><td>7,181</td><td>7,110</td><td>6,432</td><td>8,063</td><td>8,972</td><td>11,969</td><td>14,758</td><td>12,476</td><td>10,356</td><td>8,360</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>21,340</td><td>45,513</td><td>1,673</td><td>1,597</td><td>1,607</td><td>2,882</td><td>2,849</td><td>3,506</td><td>4,537</td><td>5,105</td><td>4,561</td><td>6,479</td><td>5,728</td><td>4,990</td><td>4,479</td></tr><tr><td>Brazil</td><td>3,087</td><td>5,686</td><td>392</td><td>360</td><td>470</td><td>674</td><td>419</td><td>374</td><td>587</td><td>539</td><td>598</td><td>235</td><td>654</td><td>384</td><td>552</td></tr><tr><td>Chile</td><td>1,386</td><td>12,554</td><td>189</td><td>580</td><td>856</td><td>1,118</td><td>753</td><td>588</td><td>401</td><td>887</td><td>2,663</td><td>3,366</td><td>490</td><td>663</td><td>326</td></tr><tr><td>Peru</td><td>3,920</td><td>6,646</td><td>250</td><td>285</td><td>227</td><td>405</td><td>624</td><td>518</td><td>623</td><td>434</td><td>534</td><td>1,700</td><td>491</td><td>553</td><td>835</td></tr><tr><td>Uruguay</td><td>8,135</td><td>21,162</td><td>599</td><td>377</td><td>607</td><td>1,546</td><td>1,036</td><td>1,621</td><td>3,617</td><td>2,972</td><td>2,852</td><td>2,153</td><td>2,030</td><td>1,751</td><td>1,873</td></tr><tr><td>Venezuela</td><td>4,458</td><td>5,188</td><td>305</td><td>357</td><td>330</td><td>473</td><td>538</td><td>658</td><td>363</td><td>391</td><td>482</td><td>422</td><td>403</td><td>466</td><td>385</td></tr><tr><td>Other Countries</td><td>1,458</td><td>3,192</td><td>139</td><td>157</td><td>134</td><td>197</td><td>210</td><td>324</td><td>291</td><td>373</td><td>427</td><td>354</td><td>307</td><td>280</td><td>386</td></tr><tr><td>Total South America</td><td>43,783</td><td>99,941</td><td>3,547</td><td>3,713</td><td>4,231</td><td>7,295</td><td>6,429</td><td>7,590</td><td>10,419</td><td>10,701</td><td>12,117</td><td>14,709</td><td>10,103</td><td>9,086</td><td>8,837</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>7,740</td><td>9,469</td><td>879</td><td>596</td><td>803</td><td>955</td><td>794</td><td>920</td><td>702</td><td>926</td><td>725</td><td>517</td><td>732</td><td>921</td><td>839</td></tr><tr><td>China</td><td>11,648</td><td>15,711</td><td>896</td><td>1,405</td><td>1,175</td><td>1,430</td><td>1,298</td><td>1,830</td><td>1,023</td><td>995</td><td>1,284</td><td>1,427</td><td>1,513</td><td>1,435</td><td>1,305</td></tr><tr><td>Japan</td><td>17,897</td><td>15,294</td><td>1,193</td><td>1,338</td><td>1,337</td><td>1,620</td><td>1,696</td><td>1,339</td><td>1,149</td><td>1,169</td><td>1,066</td><td>1,221</td><td>1,064</td><td>1,101</td><td>1,055</td></tr><tr><td>Turkey</td><td>8,508</td><td>8,667</td><td>738</td><td>816</td><td>691</td><td>729</td><td>593</td><td>827</td><td>913</td><td>545</td><td>711</td><td>672</td><td>655</td><td>776</td><td>682</td></tr><tr><td>Other Countries</td><td>8,103</td><td>9,496</td><td>727</td><td>863</td><td>779</td><td>797</td><td>1,023</td><td>690</td><td>724</td><td>665</td><td>783</td><td>815</td><td>828</td><td>801</td><td>805</td></tr><tr><td>Total Asia</td><td>53,895</td><td>58,636</td><td>4,433</td><td>5,018</td><td>4,784</td><td>5,532</td><td>5,404</td><td>5,606</td><td>4,511</td><td>4,299</td><td>4,569</td><td>4,652</td><td>4,794</td><td>5,035</td><td>4,686</td></tr><tr><td>Oceania</td><td>7,886</td><td>27,956</td><td>532</td><td>511</td><td>279</td><td>518</td><td>715</td><td>3,086</td><td>2,800</td><td>2,558</td><td>2,226</td><td>5,615</td><td>3,841</td><td>5,275</td><td>3,985</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Egypt</td><td>2,504</td><td>2,296</td><td>127</td><td>69</td><td>86</td><td>135</td><td>192</td><td>91</td><td>143</td><td>111</td><td>422</td><td>300</td><td>276</td><td>343</td><td>103</td></tr><tr><td>Gold Coast</td><td>1,502</td><td>1,404</td><td>51</td><td>245</td><td>107</td><td>129</td><td>216</td><td>131</td><td>105</td><td>46</td><td>121</td><td>22</td><td>89</td><td>142</td><td>101</td></tr><tr><td>Union of South Africa</td><td>5,702</td><td>5,423</td><td>282</td><td>329</td><td>496</td><td>299</td><td>302</td><td>342</td><td>494</td><td>514</td><td>738</td><td>575</td><td>566</td><td>487</td><td>639</td></tr><tr><td>Other Countries</td><td>959</td><td>1,912</td><td>42</td><td>151</td><td>219</td><td>250</td><td>85</td><td>160</td><td>136</td><td>205</td><td>161</td><td>220</td><td>110</td><td>173</td><td>145</td></tr><tr><td>Total Africa</td><td>10,666</td><td>11,036</td><td>502</td><td>793</td><td>908</td><td>814</td><td>795</td><td>724</td><td>879</td><td>876</td><td>1,443</td><td>1,117</td><td>1,041</td><td>1,145</td><td>988</td></tr><tr><td>Grand Total</td><td>340,006</td><td>385,306</td><td>23,562</td><td>22,687</td><td>22,441</td><td>28,796</td><td>27,313</td><td>31,048</td><td>31,987</td><td>32,642</td><td>38,749</td><td>48,905</td><td>40,104</td><td>37,072</td><td>32,785</td></tr></table>
Source: Computed on the basis of quantities and values of imports as shown in reports of the Bureau of Foreign and Domestic Commerce.
59
Commodities Imported under Quota Provisions
Table 1.- Products of Philippine Islands
<table><tr><th>Commodity</th><th>Quota period</th><th>Unit of quantity</th><th>Established quote</th><th>Imports through Sept. 27, 1941</th></tr><tr><td>Buttons of pearl or shell</td><td>Calendar year</td><td>Oz</td><td>807,500</td><td>572,853</td></tr><tr><td>Coconut oil</td><td>Calendar year</td><td>Pound</td><td>425,600,000</td><td>305,770,068</td></tr><tr><td>Cordage</td><td>May 1 to Dec. 31, 1941</td><td>Pound</td><td>4,000,000</td><td>2,478,905</td></tr><tr><td>Sugars</td><td></td><td></td><td></td><td></td></tr><tr><td>Refined</td><td>Calendar year</td><td>Pound</td><td>112,000,000 1/</td><td>86,394,564</td></tr><tr><td>Other than refined</td><td>Calendar year</td><td>Pound</td><td>1,792,000,000 1/</td><td>1,428,018,599</td></tr><tr><td>Tobacco</td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars</td><td>Calendar year</td><td>Number</td><td>190,000,000</td><td>127,328,049</td></tr><tr><td>Scrap tobacco and stemmed and unstemmed filler tobacco</td><td>Calendar year</td><td>Pound</td><td>4,275,000</td><td>4,275,000</td></tr></table>
Source: Reports of Collector of Customs.
1/ The duty-free quota on Philippine sugars applies to 850,000 long tons, of which not more than 50,000 long tons may be refined sugars.
Table 2.- Imports of Cotton and Cotton Waste
Quote period: Year beginning September 20, 1940
(Is pounds)
<table><tr><th rowspan="2">Country</th><th colspan="2">Cotton 1/</th><th colspan="2">Cotton waste 2/</th><th colspan="2">Restricted cotton waste (included in total) 3/</th></tr><tr><th>Staple length less than 1-1/8 inches</th><th>Imports for complete quota period</th><th>Staple length 1-1/8 inches to 1-11/16 inches</th><th>Imports for complete quota period</th><th>Total cotton waste</th><th>Imports for complete quota period</th><th>Established quota</th><th>Imports for complete quota period</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38,559</td><td>-</td><td>12,853</td><td>-</td></tr><tr><td>France</td><td>-</td><td>-</td><td>-</td><td>-</td><td>227,420</td><td>-</td><td>75,807</td><td>-</td></tr><tr><td>Germany</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76,329</td><td>-</td><td>25,443</td><td>-</td></tr><tr><td>Italy</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,263</td><td>-</td><td>7,068</td><td>-</td></tr><tr><td>Netherlands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68,240</td><td>-</td><td>22,747</td><td>-</td></tr><tr><td>Switzerland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,388</td><td>-</td><td>14,796</td><td>-</td></tr><tr><td>Union of Soviet Socialist Republics</td><td>475,124</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,323,457</td><td>1,441,548</td><td>1,441,152</td><td>6,430</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Barbados</td><td>-</td><td>-</td><td>12,554</td><td>1,737</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Canada</td><td>-</td><td>-</td><td>-</td><td>-</td><td>239,690</td><td>239,347</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>506</td><td>164</td><td>6,544</td><td>3,500</td><td>-</td><td>-</td></tr><tr><td>Haiti</td><td>237</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Honduras</td><td>752</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>8,883,259</td><td>8,883,259</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other British West Indies 4/</td><td>21,321</td><td>-</td><td>30,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>5,203</td><td>5,072</td><td>435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>618,723</td><td>618,723</td><td>3,808</td><td>204</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>124</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ecuador</td><td>9,333</td><td>9,273</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Paraguay</td><td>871</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>247,952</td><td>247,952</td><td>2,056,299</td><td>2,056,299</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>2,003,483</td><td>239,945</td><td>64,942</td><td>-</td><td>69,627</td><td>68,783</td><td>-</td><td>-</td></tr><tr><td>China</td><td>1,370,791</td><td>-</td><td>2,626</td><td>-</td><td>17,322</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iraq</td><td>195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>-</td><td>-</td><td>-</td><td>-</td><td>341,535</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Netherlands East Indies</td><td>71,388</td><td>71,388</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Algeria and Tunisia</td><td>-</td><td>-</td><td>1,634</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>British East Africa</td><td>2,240</td><td>-</td><td>29,909</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and the Anglo-Egyptian Sudan 5/</td><td>783,816</td><td>-</td><td>43,451,566</td><td>35,601,280</td><td>8,135</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nigeria</td><td>5,377</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other British West Africa 6/</td><td>16,004</td><td>-</td><td>2,002</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other French Africa 7/</td><td>689</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>14,516,882</td><td>10,075,213</td><td>45,656,420</td><td>37,659,684</td><td>5,482,509</td><td>1,753,178</td><td>1,599,886</td><td>6,430</td></tr></table>
Source: Reports of Collectors of Customs.
1/ Cotton having a staple of less than 1-11/16 inches (other than harah or rough cotton of less than 3/4 inch in staple length and chiefly used in the manufacture of blankets and blanketing, and other than linters).
2/ Cotton waste includes coaber, lap, aliver, roving, and cotton card strips, whether or not manufactured or otherwise advanced in value.
3/ In the case of the European countries, not more than 33-1/3 percent of the total quanta for cotton waste may be filled by cotton waste other than card strips and coaber wastes made from cottons of 1-3/16 inches or more in staple length.
4/ Other than Barbados, Bermuda, Jamaica, Trinidad, and Tobago.
5/ The quota for cotton waste applies only to Egypt.
6/ Other than Gold Coast and Nigeria.
7/ Other than Algeria, Tunisia, and Madagascar.
60
Commodities Imported under Quota Provisions - (Continued)
Table 3.- Imports of Wheat and Wheat Products
Quota period: Year beginning May 29, 1941
<table><tr><th>Country</th><th colspan="2">Wheat (bushels)</th><th colspan="2">Wheat flour 1/ (pounds)</th></tr><tr><th></th><th>Established Quota</th><th>Imports through Sept. 27, 1941</th><th>Established Quota</th><th>Imports through Sept. 27, 1941</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>1,000</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Germany</td><td>100</td><td>-</td><td>5,000</td><td>-</td></tr><tr><td>Greece</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Hungary</td><td>-</td><td>-</td><td>13,000</td><td>-</td></tr><tr><td>Italy</td><td>100</td><td>-</td><td>2,000</td><td>-</td></tr><tr><td>Netherlands</td><td>100</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Norway</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Poland and Danzig</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Rumania</td><td>1,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Union of Soviet Socialist Republics</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>100</td><td>-</td><td>75,000</td><td>-</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>795,000</td><td>795,000</td><td>3,615,000</td><td>204,000</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>12,000</td><td>69</td></tr><tr><td>Guatemala</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>100</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Panama</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>2,000</td><td>-</td><td>14,000</td><td>-</td></tr><tr><td>Brazil</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Chile</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Uruguay</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td></tr><tr><td>China</td><td>-</td><td>-</td><td>24,000</td><td>5,740</td></tr><tr><td>Hong Kong</td><td>-</td><td>-</td><td>13,000</td><td>5,925</td></tr><tr><td>Japan</td><td>-</td><td>-</td><td>8,000</td><td>-</td></tr><tr><td>Syria</td><td>100</td><td>-</td><td>5,000</td><td>-</td></tr><tr><td>Oceania:</td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>New Zealand</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canary Islands</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Total</td><td>500,000</td><td>795,000</td><td>4,000,000</td><td>215,734</td></tr></table>
Source: Reports of Collectors of Customs. 1/ Includes semolina, crushed and cracked wheat, and similar wheat products.
61
Commodities Imported under Quota Provisions - (Continued)
Table 4.- Other Commodities - with Quotas Applicable to Specific Countries
<table><tr><th>Country</th><th colspan="2">Cattle 1/(head)</th><th colspan="2">Coffee (pounds)</th><th colspan="2">Foxes and furs 2/(number)</th><th colspan="2">Petroleum 3/(gallons)</th><th colspan="2">Tobacco 4/(pounds)</th></tr><tr><th></th><th>Established quota for quarter beginning July 1, 1941</th><th>Imports through Sept. 27, 1941</th><th>Increased quota for year beginning Oct. 1, 1940 5/</th><th>Imports through Sept. 27, 1941</th><th>Established quota for year beginning Dec. 1, 1940</th><th>Imports through Sept. 27, 1941</th><th>Established quota for calendar year 1941</th><th>Imports through Sept. 27, 1941</th><th>Established quota for calendar year 1941</th><th>Imports through Sept. 27, 1941</th></tr><tr><td>Netherlands and Netherlande Indies</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>578,806,200</td><td>511,546,912</td><td>-</td><td>-</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>51,720</td><td>47,207</td><td>27,636,689</td><td>27,636,689</td><td>70,000</td><td>70,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Costa Rica</td><td>-</td><td>-</td><td>11,054,702</td><td>11,054,702</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22,000,000</td><td>14,848,284</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>16,581,987</td><td>16,581,987</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dominican Republic</td><td>-</td><td>-</td><td>82,910,068</td><td>77,350,256</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador</td><td>-</td><td>-</td><td>73,928,131</td><td>73,928,131</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala</td><td>-</td><td>-</td><td>38,000,514</td><td>38,000,514</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Haiti</td><td>-</td><td>-</td><td>2,763,642</td><td>2,489,800</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hondurees</td><td>-</td><td>-</td><td>65,637,203</td><td>62,248,661</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>-</td><td>-</td><td>26,945,812</td><td>23,919,368</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nicaragua</td><td>-</td><td>-</td><td></td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Brazil</td><td>-</td><td>-</td><td>1,285,106,049</td><td>1,285,106,049</td><td>-</td><td>-</td><td>86,956,800</td><td>60,389,780</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>-</td><td>-</td><td>435,277,855</td><td>435,277,855</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ecuador</td><td>-</td><td>-</td><td>20,727,517</td><td>20,727,517</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>-</td><td>-</td><td>3,454,520</td><td>3,454,520</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Venezuela</td><td>-</td><td>-</td><td>58,037,021</td><td>58,037,021</td><td>-</td><td>-</td><td>1,913,049,600</td><td>1,438,303,554</td><td>-</td><td>-</td></tr><tr><td>Other Countries</td><td>8,280</td><td>8,280</td><td>49,055,084</td><td>49,055,084</td><td>30,000</td><td>30,000</td><td>138,587,400</td><td>138,587,400</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>60,000</td><td>55,487</td><td>2,197,116,794</td><td>2,184,868,154</td><td>100,000</td><td>100,000</td><td>2,717,400,000</td><td>2,148,827,646</td><td>22,000,000</td><td>14,848,284</td></tr></table>
Source: Reports of Collector of Customs.
1 Cattle weighing 700 pounds or more each, other than dairy cove.
2 Silver or black foxes valued under $250 each and whole fure and skine, with or without paws, tails, or heads.
3 Crude petroleum, topped crude petroleum and fuel oil.
4 Cuban filler, unsteamed or steamed (other than cigarette leaf tobacco), and scrap tobacco.
5 Quotas increased by Inter-American Coffee Board, effective August 11, 1941.
Table 5.- Other Commodities - with Quotas Applicable to all Countries Combined
<table><tr><th>Commodity</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Imports through Sept. 27, 1941</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>96,313</td></tr><tr><td>Dairy products:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>1,126</td></tr><tr><td>Whole milk, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>3,000,000</td><td>4,840</td></tr><tr><td>Fish, fresh or frozen, filleted, etc., cod, haddock, hake, pollock, cusk and rosefish.</td><td>Calendar year</td><td>Pound</td><td>15,000,000</td><td>7,197,198</td></tr><tr><td>Foxes, silver or black:</td><td></td><td></td><td></td><td></td></tr><tr><td>Tails.</td><td>Year beginning Dec. 1, 1940</td><td>Piece</td><td>5,000</td><td>5,000</td></tr><tr><td>Pave, heads or other separated parts.</td><td>Year beginning Dec. 1, 1940</td><td>Pound</td><td>500</td><td>500</td></tr><tr><td>Piece plates.</td><td>Year beginning Dec. 1, 1940</td><td>Pound</td><td>550</td><td>364</td></tr><tr><td>Articles other than piece plates.</td><td>Year beginning Dec. 1, 1940</td><td>Unit</td><td>500</td><td>47</td></tr><tr><td>Molasses and sugar elirups, containing soluble nonsugar solids equal to more than 6% of total soluble solids.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>1,500,000</td></tr><tr><td>Potatoes, white or Irish:</td><td></td><td></td><td></td><td></td></tr><tr><td>Certified seed.</td><td>Year beginning Sept. 15, 1941</td><td>Pound</td><td>90,000,000</td><td>-</td></tr><tr><td>Other.</td><td>Year beginning Sept. 15, 1941</td><td>Pound</td><td>60,000,000</td><td>719</td></tr><tr><td>Shingles, red cedar.</td><td>Calendar year</td><td>Square</td><td>2,488,359</td><td>2,488,359</td></tr></table>
Source: Reports of Collectors of Customs.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
62
63
Net Capital Movement between the United States and Foreign Countries 1935 through July 1941
In thousands of dollars. Capital inflow or capital outflow (-)
<table><tr><th></th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Asia</th><th>All other</th></tr><tr><td><b>NET CAPITAL MOVEMENT:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>1,412,486</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</td><td>1,200,598</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>1,195,922</td><td>274,401</td><td>89,296</td><td>46,527</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>801,915</td><td>164,382</td><td>-17,836</td><td>40,766</td><td>-23,478</td><td>82,216</td><td>271,914</td><td>83,763</td><td>601,727</td><td>-141,213</td><td>209,367</td><td>40,541</td><td>-5,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>415,256</td><td>192,335</td><td>57,812</td><td>16,825</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,581</td><td>388,655</td><td>50,901</td><td>-21,075</td><td>-21,389</td><td>18,164</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>1,195,635</td><td>-84,802</td><td>129,209</td><td>25,193</td><td>25,031</td><td>145,672</td><td>218,960</td><td>289,125</td><td>748,388</td><td>72,260</td><td>93,881</td><td>227,812</td><td>53,294</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940...</td><td>706,380</td><td>-236,061</td><td>201,579</td><td>9,980</td><td>-2,650</td><td>-14,657</td><td>138,557</td><td>169,801</td><td>266,549</td><td>182,259</td><td>123,395</td><td>131,296</td><td>2,881</td></tr><tr><td>Dec. 31, 1940-July 30, 1941...</td><td>-220,720</td><td>-215,140</td><td>-847</td><td>2,637</td><td>-8,775</td><td>1,397</td><td>-36,814</td><td>-40,476</td><td>-298,018</td><td>-4,757</td><td>34,165</td><td>17,085</td><td>30,809</td></tr><tr><td>Total</td><td>5,506,874</td><td>650,050</td><td>669,453</td><td>178,527</td><td>46,608</td><td>457,007</td><td>874,696</td><td>882,272</td><td>3,758,613</td><td>406,914</td><td>640,944</td><td>579,365</td><td>121,038</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-July 9...</td><td>9,233</td><td>-10,552</td><td>699</td><td>-94</td><td>128</td><td>-811</td><td>-282</td><td>-2,876</td><td>-13,788</td><td>4,048</td><td>-3,075</td><td>22,521</td><td>-473</td></tr><tr><td>July 16...</td><td>-22,837</td><td>-3,601</td><td>39</td><td>414</td><td>-143</td><td>2</td><td>-10,234</td><td>670</td><td>-12,853</td><td>-1,430</td><td>60</td><td>-12,647</td><td>4,033</td></tr><tr><td>July 23...</td><td>-27,802</td><td>-13,239</td><td>-1,173</td><td>165</td><td>55</td><td>-113</td><td>-2,061</td><td>-567</td><td>-16,933</td><td>-170</td><td>-7,333</td><td>-1,205</td><td>-2,161</td></tr><tr><td>July 30...</td><td>-27,134</td><td>-18,687</td><td>-641</td><td>413</td><td>-461</td><td>1,210</td><td>658</td><td>1,468</td><td>-16,040</td><td>4,102</td><td>-8,250</td><td>-5,971</td><td>2,025</td></tr><tr><td>Total</td><td>-68,540</td><td>-46,079</td><td>-1,076</td><td>898</td><td>-421</td><td>288</td><td>-11,919</td><td>-1,305</td><td>-59,614</td><td>6,590</td><td>-18,598</td><td>-302</td><td>3,424</td></tr><tr><td><b>MOVEMENT IN SHORT-TERM BANKING FUNDS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>964,629</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>255,594</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,083</td><td>-11,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>331,268</td><td>174,338</td><td>47,232</td><td>15,796</td><td>4,356</td><td>5,661</td><td>-84,633</td><td>99,761</td><td>262,611</td><td>111,078</td><td>-17,201</td><td>-39,105</td><td>13,885</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>1,132,383</td><td>57,159</td><td>105,637</td><td>27,147</td><td>17,457</td><td>126,308</td><td>159,219</td><td>262,405</td><td>755,332</td><td>65,382</td><td>66,996</td><td>198,142</td><td>46,531</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940...</td><td>852,928</td><td>-65,787</td><td>202,651</td><td>11,034</td><td>-10,803</td><td>-25,805</td><td>135,714</td><td>155,082</td><td>402,086</td><td>163,398</td><td>101,699</td><td>181,828</td><td>3,717</td></tr><tr><td>Dec. 31, 1940-July 30, 1941...</td><td>10,728</td><td>465</td><td>-8,229</td><td>3,899</td><td>-3,572</td><td>-2,652</td><td>-7,536</td><td>-44,591</td><td>-62,216</td><td>1,472</td><td>33,275</td><td>3,301</td><td>34,896</td></tr><tr><td>Total</td><td>3,944,872</td><td>562,977</td><td>524,338</td><td>172,600</td><td>20,807</td><td>175,386</td><td>493,727</td><td>608,950</td><td>2,558,785</td><td>395,888</td><td>402,873</td><td>488,998</td><td>98,328</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-July 9...</td><td>8,980</td><td>-9,897</td><td>-556</td><td>-110</td><td>116</td><td>-676</td><td>-85</td><td>-2,906</td><td>-14,114</td><td>5,845</td><td>-3,491</td><td>21,464</td><td>-724</td></tr><tr><td>July 16...</td><td>-23,232</td><td>-1,748</td><td>-465</td><td>419</td><td>-125</td><td>15</td><td>-10,129</td><td>443</td><td>-11,590</td><td>-1,776</td><td>-1,060</td><td>-12,800</td><td>3,994</td></tr><tr><td>July 23...</td><td>-24,618</td><td>-11,655</td><td>-1,075</td><td>159</td><td>68</td><td>-246</td><td>-1,800</td><td>-735</td><td>-15,284</td><td>840</td><td>-7,130</td><td>-909</td><td>-2,135</td></tr><tr><td>July 30...</td><td>-28,169</td><td>-16,755</td><td>-1,168</td><td>417</td><td>-472</td><td>1,181</td><td>13</td><td>1,370</td><td>-15,414</td><td>4,748</td><td>-9,461</td><td>-10,115</td><td>2,073</td></tr><tr><td>Total</td><td>-67,039</td><td>-40,055</td><td>-3,264</td><td>885</td><td>-413</td><td>274</td><td>-12,001</td><td>-1,828</td><td>-56,402</td><td>9,657</td><td>-21,142</td><td>-2,360</td><td>3,208</td></tr><tr><td><b>MOVEMENT IN BROKERAGE BALANCES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>6,039</td><td>13</td><td>2,418</td><td>-152</td><td>123</td><td>1,265</td><td>2,455</td><td>1,431</td><td>7,553</td><td>-4,479</td><td>968</td><td>2,878</td><td>-881</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>6,811</td><td>4,016</td><td>7,977</td><td>-510</td><td>131</td><td>-2,195</td><td>6,656</td><td>-1,070</td><td>15,005</td><td>-3,086</td><td>-5,182</td><td>-788</td><td>862</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>34</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>32,990</td><td>6,121</td><td>7,522</td><td>63</td><td>-69</td><td>2,533</td><td>8,933</td><td>-277</td><td>24,826</td><td>6,070</td><td>2,558</td><td>-2,321</td><td>1,857</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940...</td><td>20,358</td><td>-2,403</td><td>-202</td><td>-99</td><td>54</td><td>4,078</td><td>-1,607</td><td>2,921</td><td>2,742</td><td>2,067</td><td>7,634</td><td>9,337</td><td>-1,422</td></tr><tr><td>Dec. 31, 1940-July 30, 1941...</td><td>-1,468</td><td>-975</td><td>-340</td><td>10</td><td>-14</td><td>1,295</td><td>-1,927</td><td>1,065</td><td>-886</td><td>1,379</td><td>-2,740</td><td>710</td><td>69</td></tr><tr><td>Total</td><td>99,451</td><td>15,988</td><td>19,558</td><td>-210</td><td>174</td><td>14,687</td><td>14,230</td><td>9,003</td><td>73,430</td><td>12,103</td><td>6,504</td><td>6,695</td><td>719</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-July 9...</td><td>53</td><td>-331</td><td>171</td><td>-</td><td>4</td><td>-12</td><td>-197</td><td>131</td><td>-234</td><td>75</td><td>25</td><td>107</td><td>80</td></tr><tr><td>July 16...</td><td>-83</td><td>-126</td><td>119</td><td>-</td><td>-1</td><td>16</td><td>-149</td><td>247</td><td>106</td><td>68</td><td>102</td><td>-372</td><td>13</td></tr><tr><td>July 23...</td><td>-115</td><td>108</td><td>-171</td><td>3</td><td>-4</td><td>83</td><td>-49</td><td>160</td><td>130</td><td>-129</td><td>-11</td><td>-55</td><td>-50</td></tr><tr><td>July 30...</td><td>1,572</td><td>-106</td><td>226</td><td>1</td><td>-7</td><td>75</td><td>102</td><td>81</td><td>372</td><td>716</td><td>661</td><td>-131</td><td>-52</td></tr><tr><td>Total</td><td>1,227</td><td>-455</td><td>345</td><td>4</td><td>-8</td><td>162</td><td>-293</td><td>619</td><td>374</td><td>530</td><td>783</td><td>-451</td><td>-9</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>316,660</td><td>149,780</td><td>23,394</td><td>-5,353</td><td>-95</td><td>50,455</td><td>55,125</td><td>12,928</td><td>286,237</td><td>2,807</td><td>3,685</td><td>21,371</td><td>2,560</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>600,693</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>531,719</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>244,626</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>57,196</td><td>23,869</td><td>6,168</td><td>-5,262</td><td>-568</td><td>-900</td><td>26,487</td><td>856</td><td>50,650</td><td>-9,845</td><td>5,204</td><td>9,997</td><td>1,190</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>-85,427</td><td>-144,530</td><td>85</td><td>-5,532</td><td>500</td><td>14,805</td><td>42,919</td><td>3,843</td><td>-87,910</td><td>-30,423</td><td>6,680</td><td>22,966</td><td>3,260</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940...</td><td>-245,062</td><td>-170,931</td><td>-2,149</td><td>-868</td><td>7,648</td><td>5,406</td><td>3,417</td><td>4,405</td><td>-153,072</td><td>-15,806</td><td>-4,496</td><td>-70,058</td><td>-1,630</td></tr><tr><td>Dec. 31, 1940-July 30, 1941...</td><td>-265,072</td><td>-213,727</td><td>363</td><td>-1,279</td><td>-5,156</td><td>2,616</td><td>-25,892</td><td>-305</td><td>-243,380</td><td>-19,397</td><td>-6,399</td><td>5,288</td><td>-1,184</td></tr><tr><td>Total</td><td>623,614</td><td>-56,600</td><td>74,793</td><td>-30,361</td><td>-2,436</td><td>235,769</td><td>322,192</td><td>64,586</td><td>607,903</td><td>-37,827</td><td>19,220</td><td>22,870</td><td>11,448</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-July 9...</td><td>-1,172</td><td>-626</td><td>-39</td><td>18</td><td>12</td><td>-123</td><td>6</td><td>-118</td><td>-870</td><td>-1,158</td><td>218</td><td>656</td><td>-18</td></tr><tr><td>July 16...</td><td>-1,821</td><td>-1,697</td><td>110</td><td>-5</td><td>7</td><td>-27</td><td>74</td><td>-61</td><td>-1,599</td><td>-697</td><td>75</td><td>359</td><td>41</td></tr><tr><td>July 23...</td><td>-3,414</td><td>-1,749</td><td>-16</td><td>3</td><td>-9</td><td>-93</td><td>-139</td><td>-7
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN US AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
<table><tr><th>Years</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th></tr><tr><td>Jan</td><td>0.5</td><td>0</td><td>0.5</td><td>0</td></tr><tr><td>Mar</td><td>0</td><td>0.5</td><td>0.5</td><td>0</td></tr><tr><td>May</td><td>0</td><td>1.0</td><td>0.5</td><td>0</td></tr><tr><td>July</td><td>0.5</td><td>1.0</td><td>0.5</td><td>0</td></tr><tr><td>Sept</td><td>1.0</td><td>1.5</td><td>0.5</td><td>0</td></tr><tr><td>Nov</td><td>1.5</td><td>2.0</td><td>0.5</td><td>0</td></tr><tr><td>1938</td><td>7.0</td><td>6.5</td><td>6.0</td><td>5.5</td></tr><tr><td>1939</td><td>5.0</td><td>4.5</td><td>4.0</td><td>3.5</td></tr><tr><td>1940</td><td>3.0</td><td>2.5</td><td>2.0</td><td>1.5</td></tr><tr><td>1941</td><td>1.0</td><td>0.5</td><td>0</td><td>0</td></tr></table>
64
65
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for July 1941
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>3,820,852</td><td>396,984</td><td>482,485</td><td>124,399</td><td>16,808</td><td>5,415</td><td>5,651</td><td>14,500</td><td>170,540</td><td>43,665</td><td>234,950</td><td>514,079</td><td>178,372</td><td>2,187,248</td><td>423,565</td></tr><tr><td>July 16.</td><td>3,797,687</td><td>394,861</td><td>481,901</td><td>123,997</td><td>16,706</td><td>5,426</td><td>5,987</td><td>14,358</td><td>170,585</td><td>43,467</td><td>234,231</td><td>503,917</td><td>179,811</td><td>2,175,247</td><td>420,904</td></tr><tr><td>July 23.</td><td>3,779,809</td><td>384,000</td><td>480,831</td><td>123,268</td><td>16,712</td><td>5,572</td><td>6,235</td><td>14,441</td><td>170,309</td><td>43,262</td><td>234,774</td><td>502,104</td><td>179,311</td><td>2,160,819</td><td>420,717</td></tr><tr><td>July 30.</td><td>3,767,614</td><td>369,848</td><td>479,663</td><td>123,424</td><td>17,823</td><td>5,541</td><td>6,219</td><td>14,437</td><td>171,452</td><td>43,164</td><td>235,527</td><td>502,209</td><td>178,716</td><td>2,148,023</td><td>424,684</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>3,800,714</td><td>388,624</td><td>481,873</td><td>123,876</td><td>16,802</td><td>5,408</td><td>5,630</td><td>14,402</td><td>169,294</td><td>43,659</td><td>234,678</td><td>513,305</td><td>177,738</td><td>2,175,289</td><td>423,323</td></tr><tr><td>July 16.</td><td>3,777,079</td><td>385,782</td><td>481,336</td><td>123,473</td><td>16,701</td><td>5,419</td><td>5,965</td><td>14,259</td><td>169,348</td><td>43,464</td><td>233,968</td><td>503,141</td><td>179,175</td><td>2,162,031</td><td>420,665</td></tr><tr><td>July 23.</td><td>3,759,605</td><td>375,902</td><td>480,261</td><td>122,744</td><td>16,706</td><td>5,565</td><td>6,213</td><td>14,331</td><td>169,084</td><td>43,259</td><td>234,506</td><td>501,244</td><td>178,676</td><td>2,148,491</td><td>420,492</td></tr><tr><td>July 30.</td><td>3,747,145</td><td>360,795</td><td>479,104</td><td>122,901</td><td>17,817</td><td>5,534</td><td>6,198</td><td>14,340</td><td>170,242</td><td>43,160</td><td>235,261</td><td>501,296</td><td>178,077</td><td>2,134,725</td><td>424,364</td></tr><tr><td>Deposits for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>3,628,152</td><td>380,588</td><td>475,412</td><td>123,417</td><td>16,673</td><td>5,401</td><td>5,379</td><td>14,289</td><td>169,099</td><td>43,628</td><td>233,628</td><td>458,454</td><td>173,322</td><td>2,099,290</td><td>421,515</td></tr><tr><td>July 16.</td><td>3,602,937</td><td>376,521</td><td>473,726</td><td>123,014</td><td>16,576</td><td>5,412</td><td>5,710</td><td>14,151</td><td>169,166</td><td>43,433</td><td>232,498</td><td>447,330</td><td>174,933</td><td>2,082,470</td><td>419,542</td></tr><tr><td>July 23.</td><td>3,587,488</td><td>365,609</td><td>471,458</td><td>122,293</td><td>16,587</td><td>5,557</td><td>5,964</td><td>14,221</td><td>168,893</td><td>43,228</td><td>233,410</td><td>446,312</td><td>174,343</td><td>2,067,875</td><td>419,306</td></tr><tr><td>July 30.</td><td>3,584,604</td><td>351,126</td><td>471,831</td><td>122,443</td><td>17,689</td><td>5,532</td><td>5,948</td><td>14,229</td><td>170,048</td><td>43,129</td><td>234,109</td><td>445,596</td><td>173,662</td><td>2,055,342</td><td>423,052</td></tr><tr><td>Bills held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>94,494</td><td>4,772</td><td>684</td><td>452</td><td>21</td><td>7</td><td>60</td><td>53</td><td>51</td><td>10</td><td>703</td><td>13,081</td><td>4,023</td><td>23,917</td><td>964</td></tr><tr><td>July 16.</td><td>95,380</td><td>5,906</td><td>1,825</td><td>452</td><td>17</td><td>7</td><td>63</td><td>52</td><td>52</td><td>10</td><td>1,155</td><td>13,938</td><td>3,880</td><td>27,357</td><td>918</td></tr><tr><td>July 23.</td><td>91,187</td><td>5,669</td><td>3,030</td><td>444</td><td>11</td><td>2</td><td>61</td><td>54</td><td>48</td><td>10</td><td>1,093</td><td>13,941</td><td>3,849</td><td>28,212</td><td>991</td></tr><tr><td>July 30.</td><td>84,215</td><td>6,054</td><td>2,983</td><td>452</td><td>21</td><td>2</td><td>62</td><td>53</td><td>50</td><td>10</td><td>1,149</td><td>14,729</td><td>3,959</td><td>29,529</td><td>991</td></tr><tr><td>Short-term United States Government obligations held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>40,857</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,800</td><td>2</td><td>40,805</td><td>42</td></tr><tr><td>July 16.</td><td>41,006</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,950</td><td>2</td><td>40,955</td><td>41</td></tr><tr><td>July 23.</td><td>43,054</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,000</td><td>2</td><td>40,005</td><td>39</td></tr><tr><td>July 30.</td><td>43,054</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40,000</td><td>2</td><td>40,005</td><td>39</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>37,211</td><td>3,264</td><td>5,774</td><td>7</td><td>108</td><td>-</td><td>191</td><td>60</td><td>144</td><td>21</td><td>347</td><td>970</td><td>391</td><td>11,277</td><td>802</td></tr><tr><td>July 16.</td><td>37,756</td><td>3,355</td><td>5,782</td><td>7</td><td>108</td><td>-</td><td>192</td><td>56</td><td>130</td><td>21</td><td>315</td><td>923</td><td>360</td><td>11,249</td><td>164</td></tr><tr><td>July 23.</td><td>37,876</td><td>4,624</td><td>5,170</td><td>7</td><td>108</td><td>6</td><td>188</td><td>56</td><td>143</td><td>21</td><td>3</td><td>991</td><td>482</td><td>12,399</td><td>156</td></tr><tr><td>July 30.</td><td>35,272</td><td>3,615</td><td>4,282</td><td>6</td><td>107</td><td>-</td><td>188</td><td>58</td><td>144</td><td>21</td><td>3</td><td>971</td><td>454</td><td>9,849</td><td>282</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>20,138</td><td>8,360</td><td>612</td><td>523</td><td>6</td><td>7</td><td>21</td><td>98</td><td>1,246</td><td>6</td><td>272</td><td>774</td><td>634</td><td>12,559</td><td>242</td></tr><tr><td>July 16.</td><td>20,608</td><td>9,079</td><td>565</td><td>524</td><td>5</td><td>7</td><td>22</td><td>99</td><td>1,237</td><td>3</td><td>263</td><td>776</td><td>636</td><td>13,216</td><td>239</td></tr><tr><td>July 23.</td><td>20,204</td><td>8,098</td><td>570</td><td>524</td><td>6</td><td>7</td><td>22</td><td>110</td><td>1,225</td><td>3</td><td>268</td><td>850</td><td>635</td><td>12,328</td><td>225</td></tr><tr><td>July 30.</td><td>20,469</td><td>9,053</td><td>559</td><td>523</td><td>6</td><td>7</td><td>21</td><td>97</td><td>1,210</td><td>4</td><td>266</td><td>913</td><td>639</td><td>13,298</td><td>320</td></tr><tr><td>Borrowings from foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>10,533</td><td>2,240</td><td>558</td><td>382</td><td>4</td><td>7</td><td>19</td><td>91</td><td>1,098</td><td>5</td><td>23</td><td>583</td><td>147</td><td>5,157</td><td>100</td></tr><tr><td>July 16.</td><td>10,513</td><td>2,440</td><td>513</td><td>384</td><td>3</td><td>7</td><td>20</td><td>92</td><td>1,090</td><td>2</td><td>14</td><td>568</td><td>147</td><td>5,280</td><td>88</td></tr><tr><td>July 23.</td><td>10,823</td><td>2,155</td><td>518</td><td>382</td><td>4</td><td>7</td><td>20</td><td>104</td><td>1,078</td><td>2</td><td>19</td><td>679</td><td>153</td><td>5,121</td><td>63</td></tr><tr><td>July 30.</td><td>10,345</td><td>2,244</td><td>505</td><td>383</td><td>4</td><td>7</td><td>19</td><td>91</td><td>1,065</td><td>3</td><td>17</td><td>667</td><td>145</td><td>5,150</td><td>122</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>2,387</td><td>2,156</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,305</td><td>-</td></tr><tr><td>July 16.</td><td>2,521</td><td>2,286</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,435</td><td>-</td></tr><tr><td>July 23.</td><td>2,594</td><td>2,385</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,535</td><td>-</td></tr><tr><td>July 30.</td><td>2,836</td><td>2,633</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,783</td><td>-</td></tr><tr><td>Other liabilities payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>7,218</td><td>3,964</td><td>54</td><td>105</td><td>2</td><td>-</td><td>2</td><td>7</td><td>34</td><td>1</td><td>249</td><td>191</td><td>487</td><td>5,096</td><td>142</td></tr><tr><td>July 16.</td><td>7,574</td><td>4,353</td><td>52</td><td>104</td><td>2</td><td>-</td><td>2</td><td>7</td><td>34</td><td>1</td><td>249</td><td>208</td><td>489</td><td>5,501</td><td>151</td></tr><tr><td>July 23.</td><td>6,787</td><td>3,558</td><td>52</td><td>106</td><td>2</td><td>-</td><td>2</td><td>6</td><td>33</td><td>1</td><td>249</td><td>181</td><td>482</td><td>4,672</td><td>162</td></tr><tr><td>July 30.</td><td>7,288</td><td>4,176</td><td>54</td><td>104</td><td>2</td><td>-</td><td>2</td><td>6</td><td>31</td><td>1</td><td>249</td><td>216</td><td>494</td><td>5,355</td><td>198</td></tr></table>
(Continued on following page)
66
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for July 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico & Canal Zone</th><th>Panama</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philip-pine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>119,297</td><td>52,387</td><td>29,891</td><td>59,969</td><td>43,253</td><td>57,422</td><td>125,634</td><td>487,851</td><td>163,649</td><td>102,323</td><td>81,285</td><td>46,576</td><td>220,917</td><td>614,750</td><td>106,876</td></tr><tr><td>July 16</td><td>123,343</td><td>48,992</td><td>29,791</td><td>60,772</td><td>43,775</td><td>55,893</td><td>124,120</td><td>486,685</td><td>163,287</td><td>102,134</td><td>76,262</td><td>46,229</td><td>216,436</td><td>604,348</td><td>110,502</td></tr><tr><td>July 23</td><td>117,724</td><td>49,888</td><td>28,925</td><td>63,172</td><td>42,921</td><td>55,932</td><td>121,145</td><td>479,708</td><td>162,299</td><td>103,718</td><td>77,514</td><td>43,356</td><td>223,004</td><td>609,891</td><td>108,574</td></tr><tr><td>July 30</td><td>118,647</td><td>46,562</td><td>27,956</td><td>66,352</td><td>42,324</td><td>51,722</td><td>121,064</td><td>474,627</td><td>159,853</td><td>102,339</td><td>76,323</td><td>42,533</td><td>227,181</td><td>608,289</td><td>111,991</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>119,282</td><td>52,360</td><td>29,891</td><td>59,954</td><td>42,968</td><td>57,408</td><td>125,300</td><td>487,183</td><td>163,060</td><td>99,313</td><td>79,024</td><td>46,475</td><td>220,824</td><td>608,696</td><td>106,223</td></tr><tr><td>July 16</td><td>123,327</td><td>48,983</td><td>29,791</td><td>60,763</td><td>43,504</td><td>55,893</td><td>123,822</td><td>485,083</td><td>162,699</td><td>98,974</td><td>74,100</td><td>46,199</td><td>216,347</td><td>598,319</td><td>109,981</td></tr><tr><td>July 23</td><td>117,600</td><td>49,832</td><td>28,925</td><td>63,157</td><td>42,651</td><td>55,918</td><td>120,833</td><td>478,915</td><td>161,722</td><td>100,397</td><td>75,532</td><td>43,329</td><td>222,948</td><td>603,928</td><td>107,778</td></tr><tr><td>July 30</td><td>118,630</td><td>46,555</td><td>27,956</td><td>66,342</td><td>42,089</td><td>51,708</td><td>120,755</td><td>474,035</td><td>159,327</td><td>99,475</td><td>74,282</td><td>42,547</td><td>227,132</td><td>602,763</td><td>111,258</td></tr><tr><td>Deposits for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>116,234</td><td>45,131</td><td>28,008</td><td>58,357</td><td>42,514</td><td>57,352</td><td>121,657</td><td>469,262</td><td>146,558</td><td>93,985</td><td>46,588</td><td>39,438</td><td>208,265</td><td>534,834</td><td>103,251</td></tr><tr><td>July 16</td><td>121,460</td><td>40,935</td><td>27,984</td><td>58,984</td><td>43,017</td><td>55,840</td><td>120,672</td><td>468,832</td><td>146,579</td><td>93,676</td><td>42,899</td><td>39,557</td><td>202,845</td><td>525,558</td><td>106,475</td></tr><tr><td>July 23</td><td>116,056</td><td>42,663</td><td>27,288</td><td>61,325</td><td>42,140</td><td>55,872</td><td>117,650</td><td>462,994</td><td>143,574</td><td>94,093</td><td>47,849</td><td>37,450</td><td>209,640</td><td>532,606</td><td>104,707</td></tr><tr><td>July 30</td><td>117,101</td><td>40,484</td><td>26,309</td><td>64,618</td><td>41,628</td><td>51,596</td><td>117,770</td><td>459,506</td><td>141,529</td><td>93,212</td><td>51,567</td><td>36,740</td><td>215,216</td><td>538,264</td><td>108,140</td></tr><tr><td>Bills held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>1,618</td><td>6,896</td><td>1,844</td><td>1,570</td><td>411</td><td>19</td><td>3,036</td><td>15,394</td><td>4,799</td><td>1,111</td><td>32,000</td><td>5,152</td><td>8,640</td><td>51,702</td><td>2,517</td></tr><tr><td>July 16</td><td>1,670</td><td>7,602</td><td>1,768</td><td>1,762</td><td>452</td><td>15</td><td>2,579</td><td>15,808</td><td>4,657</td><td>1,007</td><td>30,152</td><td>4,820</td><td>7,655</td><td>48,291</td><td>3,006</td></tr><tr><td>July 23</td><td>1,351</td><td>6,731</td><td>1,587</td><td>1,815</td><td>471</td><td>8</td><td>2,583</td><td>14,546</td><td>4,603</td><td>1,000</td><td>27,083</td><td>4,055</td><td>8,040</td><td>44,781</td><td>2,657</td></tr><tr><td>July 30</td><td>1,405</td><td>5,616</td><td>1,599</td><td>1,707</td><td>421</td><td>74</td><td>2,371</td><td>13,193</td><td>4,280</td><td>965</td><td>22,258</td><td>3,985</td><td>6,694</td><td>38,182</td><td>2,320</td></tr><tr><td>Short-term United States Government obligations held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td></tr><tr><td>July 16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td></tr><tr><td>July 23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,010</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>3,010</td><td>-</td></tr><tr><td>July 30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,010</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>3,010</td><td>-</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>1,430</td><td>353</td><td>39</td><td>17</td><td>43</td><td>38</td><td>607</td><td>2,527</td><td>11,693</td><td>4,217</td><td>436</td><td>1,885</td><td>3,919</td><td>22,150</td><td>455</td></tr><tr><td>July 16</td><td>197</td><td>446</td><td>39</td><td>17</td><td>35</td><td>38</td><td>611</td><td>1,383</td><td>11,453</td><td>4,289</td><td>1,049</td><td>1,822</td><td>5,847</td><td>24,460</td><td>500</td></tr><tr><td>July 23</td><td>193</td><td>438</td><td>50</td><td>17</td><td>40</td><td>38</td><td>600</td><td>1,376</td><td>11,535</td><td>4,304</td><td>600</td><td>1,824</td><td>5,258</td><td>23,531</td><td>414</td></tr><tr><td>July 30</td><td>124</td><td>455</td><td>48</td><td>17</td><td>40</td><td>38</td><td>614</td><td>1,336</td><td>11,508</td><td>4,298</td><td>457</td><td>1,822</td><td>5,222</td><td>23,307</td><td>498</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>15</td><td>7</td><td>-</td><td>15</td><td>285</td><td>14</td><td>334</td><td>670</td><td>589</td><td>3,010</td><td>2,261</td><td>101</td><td>93</td><td>6,054</td><td>613</td></tr><tr><td>July 16</td><td>16</td><td>9</td><td>-</td><td>9</td><td>271</td><td>-</td><td>298</td><td>603</td><td>588</td><td>3,160</td><td>2,162</td><td>30</td><td>89</td><td>6,029</td><td>521</td></tr><tr><td>July 23</td><td>124</td><td>56</td><td>-</td><td>15</td><td>270</td><td>14</td><td>313</td><td>792</td><td>577</td><td>3,321</td><td>1,982</td><td>27</td><td>56</td><td>5,963</td><td>896</td></tr><tr><td>July 30</td><td>17</td><td>7</td><td>-</td><td>10</td><td>235</td><td>14</td><td>309</td><td>592</td><td>536</td><td>2,854</td><td>2,041</td><td>36</td><td>49</td><td>5,526</td><td>733</td></tr><tr><td>Borrowings from foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>5</td><td>7</td><td>-</td><td>15</td><td>13</td><td>-</td><td>331</td><td>371</td><td>576</td><td>2,960</td><td>804</td><td>94</td><td>83</td><td>4,517</td><td>388</td></tr><tr><td>July 16</td><td>3</td><td>9</td><td>-</td><td>9</td><td>11</td><td>-</td><td>283</td><td>315</td><td>575</td><td>3,118</td><td>730</td><td>23</td><td>81</td><td>4,527</td><td>303</td></tr><tr><td>July 23</td><td>3</td><td>9</td><td>-</td><td>15</td><td>10</td><td>-</td><td>302</td><td>339</td><td>572</td><td>3,273</td><td>761</td><td>27</td><td>50</td><td>4,583</td><td>617</td></tr><tr><td>July 30</td><td>3</td><td>7</td><td>-</td><td>10</td><td>5</td><td>-</td><td>305</td><td>330</td><td>536</td><td>2,814</td><td>856</td><td>28</td><td>45</td><td>4,279</td><td>464</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>43</td><td>-</td><td>3</td><td>46</td><td>35</td></tr><tr><td>July 16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>51</td><td>-</td><td>-</td><td>51</td><td>35</td></tr><tr><td>July 23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>24</td><td>35</td></tr><tr><td>July 30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>-</td><td>18</td><td>35</td></tr><tr><td>Other liabilities payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>10</td><td>-</td><td>-</td><td>-</td><td>272</td><td>14</td><td>3</td><td>299</td><td>13</td><td>50</td><td>1,414</td><td>7</td><td>7</td><td>1,491</td><td>190</td></tr><tr><td>July 16</td><td>13</td><td>-</td><td>-</td><td>-</td><td>260</td><td>-</td><td>15</td><td>288</td><td>13</td><td>42</td><td>1,781</td><td>7</td><td>8</td><td>1,451</td><td>183</td></tr><tr><td>July 23</td><td>121</td><td>47</td><td>-</td><td>-</td><td>260</td><td>14</td><td>11</td><td>453</td><td>5</td><td>48</td><td>1,197</td><td>-</td><td>6</td><td>1,256</td><td>244</td></tr><tr><td>July 30</td><td>14</td><td>-</td><td>-</td><td>-</td><td>230</td><td>14</td><td>4</td><td>262</td><td>-</td><td>50</td><td>1,167</td><td>8</td><td>4</td><td>1,229</td><td>234</td></tr></table>
67
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for July 1941
(In thousands of dollars)
<table><tr><th>Assets as of following date</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>332,851</td><td>23,852</td><td>2,075</td><td>1,111</td><td>41</td><td>2,030</td><td>35,588</td><td>1,599</td><td>776</td><td>587</td><td>696</td><td>2,841</td><td>24,148</td><td>95,344</td><td>27,629</td></tr><tr><td>July 16</td><td>332,918</td><td>23,477</td><td>1,956</td><td>1,111</td><td>41</td><td>2,026</td><td>35,505</td><td>1,582</td><td>806</td><td>591</td><td>600</td><td>2,808</td><td>23,830</td><td>94,333</td><td>26,744</td></tr><tr><td>July 23</td><td>339,658</td><td>24,271</td><td>1,961</td><td>1,109</td><td>55</td><td>2,025</td><td>35,594</td><td>1,597</td><td>776</td><td>590</td><td>613</td><td>2,795</td><td>23,803</td><td>95,189</td><td>25,717</td></tr><tr><td>July 30</td><td>355,632</td><td>26,874</td><td>1,961</td><td>1,109</td><td>52</td><td>2,025</td><td>35,161</td><td>2,065</td><td>738</td><td>590</td><td>595</td><td>2,887</td><td>23,750</td><td>97,807</td><td>24,936</td></tr><tr><td>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>38,625</td><td>6,655</td><td>241</td><td>45</td><td>13</td><td>3</td><td>87</td><td>456</td><td>326</td><td>121</td><td>214</td><td>563</td><td>1,061</td><td>9,785</td><td>4,677</td></tr><tr><td>July 16</td><td>38,893</td><td>6,852</td><td>232</td><td>48</td><td>13</td><td>4</td><td>88</td><td>455</td><td>325</td><td>122</td><td>209</td><td>545</td><td>1,057</td><td>9,950</td><td>4,703</td></tr><tr><td>July 23</td><td>37,819</td><td>6,024</td><td>231</td><td>47</td><td>15</td><td>3</td><td>90</td><td>457</td><td>329</td><td>121</td><td>211</td><td>563</td><td>1,057</td><td>9,148</td><td>4,617</td></tr><tr><td>July 30</td><td>38,625</td><td>6,728</td><td>238</td><td>47</td><td>13</td><td>3</td><td>87</td><td>443</td><td>307</td><td>121</td><td>208</td><td>641</td><td>1,080</td><td>9,916</td><td>4,546</td></tr><tr><td>Banks own deposits abroad:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>7,283</td><td>2,693</td><td>50</td><td>22</td><td>3</td><td>-</td><td>15</td><td>179</td><td>69</td><td>6</td><td>21</td><td>127</td><td>27</td><td>3,212</td><td>2,741</td></tr><tr><td>July 16</td><td>7,513</td><td>2,651</td><td>28</td><td>23</td><td>2</td><td>1</td><td>17</td><td>175</td><td>65</td><td>5</td><td>25</td><td>109</td><td>22</td><td>3,123</td><td>2,851</td></tr><tr><td>July 23</td><td>7,306</td><td>2,625</td><td>39</td><td>22</td><td>4</td><td>-</td><td>18</td><td>178</td><td>70</td><td>5</td><td>26</td><td>104</td><td>24</td><td>3,115</td><td>2,727</td></tr><tr><td>July 30</td><td>7,156</td><td>2,691</td><td>37</td><td>22</td><td>2</td><td>-</td><td>15</td><td>168</td><td>49</td><td>5</td><td>27</td><td>185</td><td>39</td><td>3,240</td><td>2,579</td></tr><tr><td>Deposits abroad for account of domestic clients:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>22,976</td><td>902</td><td>66</td><td>11</td><td>-</td><td>-</td><td>48</td><td>210</td><td>56</td><td>-</td><td>1</td><td>13</td><td>324</td><td>1,631</td><td>1,067</td></tr><tr><td>July 16</td><td>22,918</td><td>880</td><td>66</td><td>13</td><td>-</td><td>-</td><td>47</td><td>214</td><td>56</td><td>-</td><td>2</td><td>13</td><td>324</td><td>1,615</td><td>1,006</td></tr><tr><td>July 23</td><td>22,924</td><td>894</td><td>66</td><td>13</td><td>-</td><td>-</td><td>48</td><td>213</td><td>56</td><td>-</td><td>1</td><td>37</td><td>324</td><td>1,652</td><td>990</td></tr><tr><td>July 30</td><td>22,876</td><td>856</td><td>65</td><td>13</td><td>-</td><td>-</td><td>48</td><td>209</td><td>56</td><td>-</td><td>1</td><td>33</td><td>326</td><td>1,607</td><td>971</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>8,366</td><td>3,060</td><td>125</td><td>12</td><td>10</td><td>3</td><td>24</td><td>67</td><td>201</td><td>115</td><td>192</td><td>423</td><td>710</td><td>4,942</td><td>869</td></tr><tr><td>July 16</td><td>8,462</td><td>3,321</td><td>138</td><td>12</td><td>11</td><td>3</td><td>24</td><td>66</td><td>204</td><td>117</td><td>182</td><td>423</td><td>711</td><td>5,212</td><td>846</td></tr><tr><td>July 23</td><td>7,589</td><td>2,505</td><td>126</td><td>12</td><td>11</td><td>3</td><td>24</td><td>66</td><td>203</td><td>116</td><td>184</td><td>422</td><td>709</td><td>4,381</td><td>900</td></tr><tr><td>July 30</td><td>8,593</td><td>3,181</td><td>136</td><td>12</td><td>11</td><td>3</td><td>24</td><td>66</td><td>202</td><td>116</td><td>180</td><td>423</td><td>715</td><td>5,069</td><td>996</td></tr><tr><td>TOTAL ASSETS PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>294,226</td><td>17,197</td><td>1,834</td><td>1,066</td><td>28</td><td>2,027</td><td>35,501</td><td>1,143</td><td>450</td><td>466</td><td>482</td><td>2,278</td><td>23,087</td><td>85,559</td><td>22,952</td></tr><tr><td>July 16</td><td>294,025</td><td>16,625</td><td>1,724</td><td>1,063</td><td>28</td><td>2,022</td><td>35,417</td><td>1,127</td><td>481</td><td>469</td><td>391</td><td>2,263</td><td>22,773</td><td>84,383</td><td>22,041</td></tr><tr><td>July 23</td><td>301,839</td><td>18,247</td><td>1,730</td><td>1,062</td><td>40</td><td>2,022</td><td>35,504</td><td>1,140</td><td>447</td><td>469</td><td>402</td><td>2,232</td><td>22,746</td><td>86,041</td><td>21,100</td></tr><tr><td>July 30</td><td>317,007</td><td>20,146</td><td>1,723</td><td>1,062</td><td>39</td><td>2,022</td><td>35,074</td><td>1,622</td><td>431</td><td>469</td><td>387</td><td>2,246</td><td>22,670</td><td>87,891</td><td>20,390</td></tr><tr><td>Loans to foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>88,473</td><td>13,500</td><td>606</td><td>572</td><td>1</td><td>-</td><td>12,342</td><td>594</td><td>44</td><td>1</td><td>123</td><td>123</td><td>11,281</td><td>39,187</td><td>1,045</td></tr><tr><td>July 16</td><td>90,153</td><td>12,785</td><td>596</td><td>572</td><td>1</td><td>-</td><td>14,126</td><td>577</td><td>36</td><td>2</td><td>38</td><td>126</td><td>11,161</td><td>40,020</td><td>678</td></tr><tr><td>July 23</td><td>98,630</td><td>14,397</td><td>603</td><td>572</td><td>14</td><td>-</td><td>15,441</td><td>591</td><td>22</td><td>2</td><td>49</td><td>145</td><td>11,102</td><td>42,938</td><td>706</td></tr><tr><td>July 30</td><td>109,075</td><td>16,106</td><td>593</td><td>572</td><td>13</td><td>-</td><td>16,017</td><td>699</td><td>9</td><td>2</td><td>13</td><td>155</td><td>11,024</td><td>45,203</td><td>694</td></tr><tr><td>Acceptances made for foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>48,371</td><td>359</td><td>180</td><td>-</td><td>-</td><td>-</td><td>13,938</td><td>5</td><td>4</td><td>-</td><td>-</td><td>42</td><td>531</td><td>15,059</td><td>4,355</td></tr><tr><td>July 16</td><td>44,715</td><td>506</td><td>180</td><td>-</td><td>-</td><td>-</td><td>11,802</td><td>5</td><td>4</td><td>-</td><td>-</td><td>32</td><td>531</td><td>13,060</td><td>4,124</td></tr><tr><td>July 23</td><td>42,499</td><td>434</td><td>208</td><td>-</td><td>-</td><td>-</td><td>9,655</td><td>5</td><td>4</td><td>-</td><td>-</td><td>28</td><td>531</td><td>10,865</td><td>4,314</td></tr><tr><td>July 30</td><td>42,029</td><td>432</td><td>208</td><td>-</td><td>-</td><td>-</td><td>8,544</td><td>382</td><td>4</td><td>-</td><td>-</td><td>7</td><td>531</td><td>10,108</td><td>4,161</td></tr><tr><td>Other assets payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>157,382</td><td>3,338</td><td>1,048</td><td>494</td><td>27</td><td>2,027</td><td>9,221</td><td>544</td><td>402</td><td>465</td><td>359</td><td>2,113</td><td>11,275</td><td>31,313</td><td>17,552</td></tr><tr><td>July 16</td><td>159,157</td><td>3,334</td><td>948</td><td>491</td><td>27</td><td>2,022</td><td>9,489</td><td>545</td><td>441</td><td>467</td><td>353</td><td>2,105</td><td>11,081</td><td>31,303</td><td>17,239</td></tr><tr><td>July 23</td><td>160,710</td><td>3,416</td><td>919</td><td>490</td><td>26</td><td>2,022</td><td>10,408</td><td>544</td><td>421</td><td>467</td><td>353</td><td>2,059</td><td>11,113</td><td>32,238</td><td>16,060</td></tr><tr><td>July 30</td><td>165,903</td><td>3,608</td><td>922</td><td>490</td><td>26</td><td>2,022</td><td>10,513</td><td>541</td><td>418</td><td>467</td><td>374</td><td>2,084</td><td>11,115</td><td>32,580</td><td>15,535</td></tr></table>
(Continued on following page)
68
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for July 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan. Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>12,182</td><td>25,718</td><td>12,866</td><td>9,821</td><td>5,102</td><td>2,549</td><td>44,133</td><td>112,371</td><td>29,239</td><td>2,755</td><td>16,310</td><td>24,677</td><td>15,561</td><td>88,542</td><td>8,965</td></tr><tr><td>July 16</td><td>12,068</td><td>26,239</td><td>12,763</td><td>9,914</td><td>5,167</td><td>2,485</td><td>43,628</td><td>112,264</td><td>29,693</td><td>2,916</td><td>18,955</td><td>24,629</td><td>14,747</td><td>90,940</td><td>8,637</td></tr><tr><td>July 23</td><td>12,366</td><td>25,851</td><td>12,881</td><td>9,778</td><td>5,307</td><td>2,444</td><td>43,759</td><td>112,416</td><td>31,697</td><td>3,063</td><td>22,875</td><td>25,322</td><td>14,435</td><td>97,392</td><td>8,944</td></tr><tr><td>July 30</td><td>13,772</td><td>27,293</td><td>13,484</td><td>9,957</td><td>5,647</td><td>2,267</td><td>44,376</td><td>116,796</td><td>34,064</td><td>3,010</td><td>27,145</td><td>26,415</td><td>15,271</td><td>105,905</td><td>10,188</td></tr><tr><td>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>925</td><td>50</td><td>21</td><td>30</td><td>363</td><td>35</td><td>347</td><td>1,771</td><td>19,266</td><td>559</td><td>994</td><td>78</td><td>690</td><td>21,587</td><td>805</td></tr><tr><td>July 16</td><td>989</td><td>51</td><td>22</td><td>34</td><td>407</td><td>29</td><td>378</td><td>1,910</td><td>19,264</td><td>577</td><td>899</td><td>82</td><td>728</td><td>21,550</td><td>780</td></tr><tr><td>July 23</td><td>971</td><td>44</td><td>25</td><td>21</td><td>445</td><td>27</td><td>376</td><td>1,909</td><td>19,237</td><td>586</td><td>784</td><td>111</td><td>572</td><td>21,290</td><td>855</td></tr><tr><td>July 30</td><td>930</td><td>44</td><td>25</td><td>48</td><td>407</td><td>24</td><td>352</td><td>1,830</td><td>19,216</td><td>604</td><td>949</td><td>65</td><td>766</td><td>21,400</td><td>933</td></tr><tr><td>Banka own deposits abroad:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>115</td><td>12</td><td>1</td><td>29</td><td>231</td><td>15</td><td>14</td><td>417</td><td>120</td><td>379</td><td>154</td><td>51</td><td>200</td><td>904</td><td>9</td></tr><tr><td>July 16</td><td>168</td><td>16</td><td>1</td><td>33</td><td>273</td><td>15</td><td>29</td><td>535</td><td>117</td><td>402</td><td>179</td><td>55</td><td>243</td><td>996</td><td>8</td></tr><tr><td>July 23</td><td>148</td><td>16</td><td>1</td><td>21</td><td>300</td><td>15</td><td>12</td><td>513</td><td>90</td><td>413</td><td>188</td><td>83</td><td>168</td><td>942</td><td>9</td></tr><tr><td>July 30</td><td>109</td><td>17</td><td>1</td><td>48</td><td>234</td><td>15</td><td>10</td><td>434</td><td>70</td><td>228</td><td>202</td><td>36</td><td>363</td><td>899</td><td>4</td></tr><tr><td>Deposite abroad for account of domestic clients:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>648</td><td>19</td><td>9</td><td>-</td><td>5</td><td>-</td><td>51</td><td>732</td><td>19,126</td><td>134</td><td>21</td><td>-</td><td>214</td><td>19,495</td><td>51</td></tr><tr><td>July 16</td><td>657</td><td>16</td><td>9</td><td>-</td><td>5</td><td>-</td><td>55</td><td>742</td><td>19,127</td><td>132</td><td>28</td><td>-</td><td>214</td><td>19,501</td><td>54</td></tr><tr><td>July 23</td><td>646</td><td>15</td><td>11</td><td>-</td><td>5</td><td>-</td><td>48</td><td>725</td><td>19,127</td><td>131</td><td>23</td><td>-</td><td>140</td><td>19,421</td><td>136</td></tr><tr><td>July 30</td><td>644</td><td>14</td><td>11</td><td>-</td><td>5</td><td>-</td><td>34</td><td>708</td><td>19,126</td><td>132</td><td>14</td><td>-</td><td>137</td><td>19,409</td><td>181</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>162</td><td>19</td><td>11</td><td>1</td><td>127</td><td>20</td><td>282</td><td>622</td><td>20</td><td>46</td><td>819</td><td>27</td><td>276</td><td>1,188</td><td>745</td></tr><tr><td>July 16</td><td>164</td><td>19</td><td>12</td><td>1</td><td>129</td><td>14</td><td>294</td><td>633</td><td>20</td><td>43</td><td>692</td><td>27</td><td>271</td><td>1,053</td><td>718</td></tr><tr><td>July 23</td><td>177</td><td>13</td><td>13</td><td>-</td><td>140</td><td>12</td><td>316</td><td>671</td><td>20</td><td>42</td><td>573</td><td>28</td><td>264</td><td>927</td><td>710</td></tr><tr><td>July 30</td><td>177</td><td>13</td><td>13</td><td>-</td><td>168</td><td>9</td><td>308</td><td>688</td><td>20</td><td>44</td><td>733</td><td>29</td><td>266</td><td>1,092</td><td>748</td></tr><tr><td>TOTAL ASSETS PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>11,257</td><td>25,668</td><td>12,845</td><td>9,791</td><td>4,739</td><td>2,514</td><td>43,786</td><td>110,600</td><td>9,973</td><td>2,196</td><td>15,316</td><td>24,599</td><td>14,871</td><td>66,955</td><td>8,160</td></tr><tr><td>July 16</td><td>11,079</td><td>26,188</td><td>12,741</td><td>9,880</td><td>4,760</td><td>2,456</td><td>43,250</td><td>110,354</td><td>10,429</td><td>2,339</td><td>18,056</td><td>24,547</td><td>14,019</td><td>69,390</td><td>7,857</td></tr><tr><td>July 23</td><td>11,395</td><td>25,837</td><td>12,856</td><td>9,757</td><td>4,862</td><td>2,417</td><td>43,383</td><td>110,507</td><td>12,460</td><td>2,477</td><td>22,091</td><td>25,211</td><td>13,853</td><td>76,102</td><td>8,089</td></tr><tr><td>July 30</td><td>12,842</td><td>27,249</td><td>13,459</td><td>9,909</td><td>5,240</td><td>2,243</td><td>44,024</td><td>114,966</td><td>14,948</td><td>2,606</td><td>26,196</td><td>26,350</td><td>14,505</td><td>84,505</td><td>9,255</td></tr><tr><td>Loane to foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>456</td><td>2,428</td><td>131</td><td>471</td><td>347</td><td>10</td><td>6,141</td><td>9,984</td><td>5,296</td><td>1,648</td><td>7,906</td><td>14,548</td><td>7,748</td><td>37,146</td><td>1,111</td></tr><tr><td>July 16</td><td>666</td><td>2,700</td><td>140</td><td>589</td><td>342</td><td>2</td><td>6,247</td><td>10,686</td><td>5,403</td><td>1,795</td><td>9,092</td><td>14,379</td><td>6,966</td><td>37,635</td><td>1,134</td></tr><tr><td>July 23</td><td>943</td><td>2,257</td><td>91</td><td>696</td><td>619</td><td>5</td><td>6,444</td><td>11,055</td><td>6,140</td><td>1,901</td><td>12,923</td><td>15,039</td><td>6,813</td><td>42,816</td><td>1,115</td></tr><tr><td>July 30</td><td>1,568</td><td>3,193</td><td>55</td><td>791</td><td>530</td><td>5</td><td>6,999</td><td>13,640</td><td>6,570</td><td>2,048</td><td>16,310</td><td>16,081</td><td>7,100</td><td>48,109</td><td>1,429</td></tr><tr><td>Acceptances made for foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>1,194</td><td>6,698</td><td>2,047</td><td>5,052</td><td>673</td><td>27</td><td>4,427</td><td>20,118</td><td>927</td><td>234</td><td>1,467</td><td>1,878</td><td>2,915</td><td>7,421</td><td>1,415</td></tr><tr><td>July 16</td><td>1,080</td><td>6,870</td><td>1,864</td><td>4,975</td><td>801</td><td>38</td><td>3,828</td><td>19,456</td><td>935</td><td>219</td><td>1,106</td><td>2,029</td><td>2,667</td><td>6,956</td><td>1,119</td></tr><tr><td>July 23</td><td>970</td><td>6,887</td><td>1,677</td><td>4,888</td><td>794</td><td>47</td><td>3,799</td><td>19,062</td><td>760</td><td>231</td><td>1,671</td><td>1,853</td><td>2,558</td><td>7,073</td><td>1,165</td></tr><tr><td>July 30</td><td>1,094</td><td>7,054</td><td>1,677</td><td>4,741</td><td>800</td><td>43</td><td>3,716</td><td>19,125</td><td>930</td><td>210</td><td>1,623</td><td>1,978</td><td>2,651</td><td>7,392</td><td>1,243</td></tr><tr><td>Other assets payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>9,607</td><td>16,542</td><td>10,667</td><td>4,268</td><td>3,719</td><td>2,477</td><td>33,218</td><td>80,498</td><td>3,750</td><td>314</td><td>5,943</td><td>8,173</td><td>4,208</td><td>22,388</td><td>5,631</td></tr><tr><td>July 16</td><td>9,333</td><td>16,618</td><td>10,737</td><td>4,316</td><td>3,617</td><td>2,416</td><td>33,175</td><td>80,212</td><td>4,091</td><td>325</td><td>7,858</td><td>8,139</td><td>4,386</td><td>24,799</td><td>5,604</td></tr><tr><td>July 23</td><td>9,482</td><td>16,693</td><td>11,088</td><td>4,173</td><td>3,449</td><td>2,365</td><td>33,140</td><td>80,390</td><td>5,560</td><td>345</td><td>7,497</td><td>8,319</td><td>4,492</td><td>26,213</td><td>5,809</td></tr><tr><td>July 30</td><td>10,180</td><td>17,002</td><td>11,228</td><td>4,377</td><td>3,910</td><td>2,195</td><td>33,309</td><td>82,201</td><td>7,348</td><td>348</td><td>8,263</td><td>8,291</td><td>4,754</td><td>29,004</td><td>6,583</td></tr></table>
69
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for July 1941
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>8,551</td><td>760</td><td>1,247</td><td>96</td><td>38</td><td>24</td><td>17</td><td>12</td><td>797</td><td>104</td><td>3,095</td><td>2,633</td><td>1,301</td><td>279</td><td>1,040</td><td>1,319</td><td>203</td></tr><tr><td>July 16</td><td>7,772</td><td>89</td><td>455</td><td>187</td><td>1</td><td>10</td><td>103</td><td>7</td><td>670</td><td>218</td><td>1,740</td><td>2,561</td><td>2,115</td><td>237</td><td>1,030</td><td>1,267</td><td>89</td></tr><tr><td>July 23</td><td>6,774</td><td>307</td><td>175</td><td>136</td><td>16</td><td>20</td><td>169</td><td>17</td><td>742</td><td>245</td><td>1,827</td><td>3,303</td><td>894</td><td>160</td><td>558</td><td>713</td><td>32</td></tr><tr><td>July 30</td><td>6,208</td><td>336</td><td>359</td><td>97</td><td>4</td><td>18</td><td>52</td><td>7</td><td>983</td><td>216</td><td>2,072</td><td>2,907</td><td>1,571</td><td>38</td><td>1,584</td><td>1,622</td><td>36</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>3,040</td><td>139</td><td>40</td><td>83</td><td>6</td><td>15</td><td>17</td><td>12</td><td>712</td><td>64</td><td>1,088</td><td>380</td><td>881</td><td>-</td><td>678</td><td>678</td><td>13</td></tr><tr><td>July 16</td><td>3,468</td><td>62</td><td>134</td><td>163</td><td>1</td><td>10</td><td>96</td><td>6</td><td>641</td><td>182</td><td>1,295</td><td>244</td><td>887</td><td>-</td><td>982</td><td>982</td><td>60</td></tr><tr><td>July 23</td><td>2,112</td><td>121</td><td>41</td><td>82</td><td>1</td><td>15</td><td>17</td><td>17</td><td>439</td><td>163</td><td>896</td><td>334</td><td>426</td><td>-</td><td>442</td><td>442</td><td>14</td></tr><tr><td>July 30</td><td>3,665</td><td>79</td><td>180</td><td>67</td><td>-</td><td>13</td><td>52</td><td>7</td><td>871</td><td>200</td><td>1,469</td><td>629</td><td>773</td><td>6</td><td>759</td><td>765</td><td>29</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>2,569</td><td>266</td><td>42</td><td>-</td><td>32</td><td>9</td><td>-</td><td>-</td><td>56</td><td>9</td><td>414</td><td>1,788</td><td>56</td><td>-</td><td>311</td><td>311</td><td>4</td></tr><tr><td>July 16</td><td>1,077</td><td>9</td><td>40</td><td>2</td><td>-</td><td>9</td><td>7</td><td>-</td><td>17</td><td>12</td><td>87</td><td>804</td><td>140</td><td>-</td><td>42</td><td>42</td><td>4</td></tr><tr><td>July 23</td><td>3,395</td><td>66</td><td>44</td><td>25</td><td>15</td><td>5</td><td>1</td><td>-</td><td>284</td><td>4</td><td>444</td><td>2,837</td><td>90</td><td>-</td><td>14</td><td>14</td><td>10</td></tr><tr><td>July 30</td><td>3,035</td><td>76</td><td>38</td><td>1</td><td>4</td><td>2</td><td>-</td><td>-</td><td>94</td><td>4</td><td>219</td><td>1,943</td><td>138</td><td>-</td><td>735</td><td>735</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>2,942</td><td>355</td><td>1,165</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>31</td><td>1,593</td><td>465</td><td>364</td><td>279</td><td>51</td><td>330</td><td>190</td></tr><tr><td>July 15</td><td>3,227</td><td>18</td><td>281</td><td>22</td><td>-</td><td>-</td><td>-</td><td>1</td><td>12</td><td>24</td><td>358</td><td>1,513</td><td>1,088</td><td>237</td><td>6</td><td>243</td><td>25</td></tr><tr><td>July 23</td><td>1,267</td><td>120</td><td>90</td><td>29</td><td>-</td><td>-</td><td>151</td><td>-</td><td>19</td><td>78</td><td>487</td><td>132</td><td>378</td><td>160</td><td>102</td><td>262</td><td>8</td></tr><tr><td>July 30</td><td>1,508</td><td>181</td><td>141</td><td>29</td><td>-</td><td>3</td><td>-</td><td>-</td><td>18</td><td>12</td><td>384</td><td>335</td><td>660</td><td>32</td><td>90</td><td>122</td><td>7</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>7,641</td><td>1,079</td><td>163</td><td>146</td><td>22</td><td>16</td><td>140</td><td>20</td><td>797</td><td>147</td><td>2,530</td><td>3,779</td><td>940</td><td>-</td><td>360</td><td>360</td><td>32</td></tr><tr><td>July 16</td><td>7,392</td><td>1,811</td><td>70</td><td>241</td><td>6</td><td>27</td><td>132</td><td>43</td><td>626</td><td>148</td><td>3,104</td><td>2,362</td><td>1,127</td><td>14</td><td>722</td><td>736</td><td>63</td></tr><tr><td>July 23</td><td>9,629</td><td>1,999</td><td>102</td><td>129</td><td>13</td><td>29</td><td>119</td><td>15</td><td>964</td><td>246</td><td>3,616</td><td>3,974</td><td>1,091</td><td>1</td><td>939</td><td>940</td><td>8</td></tr><tr><td>July 30</td><td>8,776</td><td>2,161</td><td>58</td><td>143</td><td>9</td><td>-</td><td>98</td><td>2</td><td>440</td><td>158</td><td>3,069</td><td>4,132</td><td>1,198</td><td>3</td><td>342</td><td>345</td><td>32</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>3,808</td><td>873</td><td>91</td><td>85</td><td>-</td><td>-</td><td>140</td><td>19</td><td>178</td><td>99</td><td>1,485</td><td>1,367</td><td>669</td><td>-</td><td>260</td><td>260</td><td>27</td></tr><tr><td>July 16</td><td>4,834</td><td>1,581</td><td>43</td><td>232</td><td>6</td><td>3</td><td>124</td><td>42</td><td>346</td><td>140</td><td>2,517</td><td>1,088</td><td>891</td><td>4</td><td>320</td><td>324</td><td>14</td></tr><tr><td>July 23</td><td>9,119</td><td>1,652</td><td>63</td><td>106</td><td>13</td><td>1</td><td>105</td><td>15</td><td>157</td><td>214</td><td>2,325</td><td>1,761</td><td>704</td><td>-</td><td>324</td><td>324</td><td>5</td></tr><tr><td>July 30</td><td>5,622</td><td>1,802</td><td>40</td><td>142</td><td>1</td><td>-</td><td>88</td><td>2</td><td>349</td><td>129</td><td>2,553</td><td>2,018</td><td>908</td><td>3</td><td>308</td><td>311</td><td>32</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>2,934</td><td>153</td><td>30</td><td>61</td><td>20</td><td>12</td><td>-</td><td>-</td><td>584</td><td>22</td><td>882</td><td>1,925</td><td>50</td><td>-</td><td>73</td><td>73</td><td>4</td></tr><tr><td>July 16</td><td>1,552</td><td>182</td><td>21</td><td>6</td><td>-</td><td>-</td><td>6</td><td>-</td><td>238</td><td>6</td><td>459</td><td>692</td><td>61</td><td>-</td><td>341</td><td>341</td><td>9</td></tr><tr><td>July 23</td><td>3,759</td><td>284</td><td>38</td><td>22</td><td>-</td><td>29</td><td>6</td><td>-</td><td>715</td><td>10</td><td>1,104</td><td>1,967</td><td>143</td><td>-</td><td>545</td><td>545</td><td>-</td></tr><tr><td>July 30</td><td>2,128</td><td>350</td><td>17</td><td>1</td><td>8</td><td>-</td><td>10</td><td>-</td><td>76</td><td>26</td><td>488</td><td>1,577</td><td>56</td><td>-</td><td>7</td><td>7</td><td>-</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>899</td><td>53</td><td>42</td><td>-</td><td>2</td><td>4</td><td>-</td><td>1</td><td>35</td><td>26</td><td>163</td><td>487</td><td>221</td><td>-</td><td>27</td><td>27</td><td>1</td></tr><tr><td>July 16</td><td>996</td><td>48</td><td>6</td><td>3</td><td>-</td><td>24</td><td>2</td><td>1</td><td>42</td><td>2</td><td>128</td><td>582</td><td>175</td><td>10</td><td>61</td><td>71</td><td>40</td></tr><tr><td>July 23</td><td>751</td><td>67</td><td>1</td><td>1</td><td>-</td><td>-</td><td>8</td><td>-</td><td>92</td><td>22</td><td>187</td><td>246</td><td>244</td><td>1</td><td>70</td><td>71</td><td>3</td></tr><tr><td>July 30</td><td>826</td><td>9</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>3</td><td>28</td><td>537</td><td>234</td><td>-</td><td>27</td><td>27</td><td>-</td></tr><tr><td>TOTAL PURCHASES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>1,267</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>1,254</td><td>-</td><td>-</td><td>9</td><td>9</td><td>-</td></tr><tr><td>July 16</td><td>460</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>446</td><td>-</td><td>-</td><td>6</td><td>6</td><td>-</td></tr><tr><td>July 23</td><td>886</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>867</td><td>-</td><td>-</td><td>19</td><td>19</td><td>-</td></tr><tr><td>July 30</td><td>967</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>877</td><td>87</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>20</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>10</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>60</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>60</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>93</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>82</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>82</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>1,187</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,178</td><td>-</td><td>-</td><td>9</td><td>9</td><td>-</td></tr><tr><td>July 16</td><td>357</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>348</td><td>-</td><td>-</td><td>6</td><td>6</td><td>-</td></tr><tr><td>July 23</td><td>786</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>767</td><td>-</td><td>-</td><td>19</td><td>19</td><td>-</td></tr><tr><td>July 30</td><td>881</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>792</td><td>87</td><td>-</td><td>2</td><td>2</td><td>-</td></tr></table>
(Continued on following page)
70
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for July 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SALES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>672</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>646</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>463</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>460</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>692</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>689</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>1,044</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>934</td><td>110</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>73</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>73</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>129</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>129</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>630</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>604</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16</td><td>330</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>327</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23</td><td>671</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>668</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30</td><td>886</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>776</td><td>110</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for July 1941
(In thousands of dollars)
<table><tr><th>Balances as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Foreign debit balances: (due from abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>24,709</td><td>1,830</td><td>1,119</td><td>387</td><td>12</td><td>36</td><td>524</td><td>272</td><td>985</td><td>1,758</td><td>6,323</td><td>9,340</td><td>6,005</td><td>93</td><td>2,201</td><td>2,294</td><td>147</td></tr><tr><td>July 16</td><td>25,009</td><td>1,820</td><td>1,073</td><td>392</td><td>13</td><td>44</td><td>541</td><td>167</td><td>1,094</td><td>1,796</td><td>6,940</td><td>9,300</td><td>6,121</td><td>85</td><td>2,362</td><td>2,447</td><td>201</td></tr><tr><td>July 23</td><td>25,127</td><td>1,873</td><td>1,053</td><td>389</td><td>11</td><td>46</td><td>535</td><td>275</td><td>1,013</td><td>1,747</td><td>6,942</td><td>9,610</td><td>5,823</td><td>81</td><td>2,455</td><td>2,536</td><td>216</td></tr><tr><td>July 30</td><td>24,562</td><td>1,934</td><td>1,037</td><td>385</td><td>11</td><td>56</td><td>591</td><td>273</td><td>998</td><td>1,417</td><td>6,702</td><td>9,237</td><td>5,841</td><td>74</td><td>2,486</td><td>2,560</td><td>222</td></tr><tr><td>Foreign credit balances: (due to abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9</td><td>45,819</td><td>1,917</td><td>6,495</td><td>1,592</td><td>30</td><td>40</td><td>8,721</td><td>151</td><td>10,095</td><td>1,478</td><td>30,519</td><td>1,850</td><td>9,778</td><td>115</td><td>2,990</td><td>3,105</td><td>567</td></tr><tr><td>July 16</td><td>46,036</td><td>1,781</td><td>6,568</td><td>1,662</td><td>31</td><td>47</td><td>8,754</td><td>163</td><td>10,055</td><td>1,581</td><td>30,642</td><td>1,878</td><td>9,996</td><td>115</td><td>2,771</td><td>2,886</td><td>644</td></tr><tr><td>July 23</td><td>45,839</td><td>1,942</td><td>6,377</td><td>1,909</td><td>32</td><td>45</td><td>8,831</td><td>172</td><td>9,925</td><td>1,541</td><td>30,774</td><td>1,859</td><td>9,687</td><td>116</td><td>2,804</td><td>2,920</td><td>599</td></tr><tr><td>July 30</td><td>46,846</td><td>1,897</td><td>6,567</td><td>1,788</td><td>33</td><td>48</td><td>8,962</td><td>171</td><td>10,012</td><td>1,408</td><td>30,906</td><td>2,202</td><td>10,372</td><td>135</td><td>2,678</td><td>2,813</td><td>553</td></tr></table>
71
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for July 1941
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>703</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>699</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>629</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>599</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>566</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>10</td><td>551</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>621</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>473</td><td>148</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>39</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>10</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>703</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>699</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>629</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>599</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>527</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>522</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>621</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>473</td><td>148</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>518</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>517</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>386</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>383</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>667</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>667</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>517</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>517</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 16.</td><td>534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>534</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 23.</td><td>383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>383</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 30.</td><td>667</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>667</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
12
Foreign Purchases and Sales of Domestic Securities
(in thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th></tr><tr><td>1938-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>1939-Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td>1940-June 5....</td><td>18,498</td><td>6,067</td><td>12,431</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td>12....</td><td>9,678</td><td>6,603</td><td>3,075</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td>19....</td><td>9,996</td><td>13,029</td><td>-3,033</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>26....</td><td>19,851</td><td>18,524</td><td>1,327</td><td>26....</td><td>5,034</td><td>18,893</td><td>-13,859</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td><td>July 3....</td><td>4,228</td><td>15,000</td><td>-10,772</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td><td>10....</td><td>2,434</td><td>11,005</td><td>-8,571</td></tr><tr><td>16....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td><td>17....</td><td>2,135</td><td>13,008</td><td>-10,873</td></tr><tr><td>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td>24....</td><td>7,908</td><td>7,303</td><td>605</td></tr><tr><td>Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td><td>Aug. 7....</td><td>6,171</td><td>6,570</td><td>-399</td></tr><tr><td>9....</td><td>12,462</td><td>11,806</td><td>656</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td><td>14....</td><td>3,002</td><td>18,004</td><td>-15,002</td></tr><tr><td>16....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td><td>21....</td><td>2,294</td><td>4,865</td><td>-2,571</td></tr><tr><td>23....</td><td>18,619</td><td>17,759</td><td>860</td><td>28....</td><td>11,127</td><td>16,353</td><td>-5,226</td><td>28....</td><td>2,244</td><td>7,188</td><td>-4,944</td></tr><tr><td>30....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>July 5....</td><td>17,512</td><td>13,128</td><td>4,384</td><td>Sept. 4....</td><td>4,376</td><td>5,788</td><td>-1,412</td></tr><tr><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>12....</td><td>7,832</td><td>12,749</td><td>4,917</td><td>11....</td><td>11,425</td><td>11,280</td><td>145</td></tr><tr><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>19....</td><td>16,348</td><td>24,653</td><td>-8,305</td><td>18....</td><td>11,601</td><td>7,055</td><td>4,546</td></tr><tr><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>26....</td><td>28,125</td><td>28,866</td><td>-741</td><td>25....</td><td>18,590</td><td>23,402</td><td>-4,812</td></tr><tr><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td><td>Oct. 2....</td><td>6,145</td><td>14,057</td><td>-7,912</td></tr><tr><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td><td>9....</td><td>6,873</td><td>12,015</td><td>-5,142</td></tr><tr><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td><td>16....</td><td>7,799</td><td>15,154</td><td>-7,355</td></tr><tr><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td><td>23....</td><td>6,437</td><td>16,315</td><td>-9,878</td></tr><tr><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>30....</td><td>20,453</td><td>19,904</td><td>549</td><td>30....</td><td>8,300</td><td>15,322</td><td>-7,022</td></tr><tr><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td><td>Nov. 6....</td><td>11,258</td><td>18,618</td><td>-7,360</td></tr><tr><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>13....</td><td>52,504</td><td>42,611</td><td>9,933</td><td>13....</td><td>14,583</td><td>18,861</td><td>-4,278</td></tr><tr><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>20....</td><td>33,127</td><td>40,019</td><td>-6,892</td><td>20....</td><td>8,466</td><td>18,505</td><td>-10,039</td></tr><tr><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td><td>27....</td><td>5,116</td><td>16,622</td><td>-11,506</td></tr><tr><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td>Oct. 4....</td><td>16,932</td><td>29,373</td><td>-12,441</td><td>Dec. 4....</td><td>4,752</td><td>11,849</td><td>-7,097</td></tr><tr><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>11....</td><td>19,364</td><td>22,395</td><td>-3,031</td><td>11....</td><td>5,870</td><td>9,692</td><td>-3,822</td></tr><tr><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>18....</td><td>17,162</td><td>18,811</td><td>-1,649</td><td>18....</td><td>11,556</td><td>17,634</td><td>-6,078</td></tr><tr><td>20....</td><td>32,651</td><td>35,895</td><td>-3,242</td><td>25....</td><td>17,784</td><td>29,487</td><td>-11,703</td><td>25....</td><td>5,163</td><td>16,283</td><td>-11,120</td></tr><tr><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>Nov. 1....</td><td>20,228</td><td>25,120</td><td>4,892</td><td>1941-Jan. 1....</td><td>5,771</td><td>13,430</td><td>-7,659</td></tr><tr><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>8....</td><td>14,648</td><td>20,862</td><td>-6,214</td><td>8....</td><td>3,987</td><td>23,235</td><td>-19,248</td></tr><tr><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>15....</td><td>17,464</td><td>23,674</td><td>-6,210</td><td>15....</td><td>5,376</td><td>31,467</td><td>-26,091</td></tr><tr><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>22....</td><td>15,175</td><td>15,666</td><td>491</td><td>22....</td><td>5,076</td><td>20,659</td><td>-15,583</td></tr><tr><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>29....</td><td>14,267</td><td>13,367</td><td>900</td><td>29....</td><td>9,670</td><td>25,523</td><td>-15,853</td></tr><tr><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>Dec. 6....</td><td>10,824</td><td>15,064</td><td>-4,240</td><td>Feb. 5....</td><td>8,148</td><td>20,726</td><td>-12,578</td></tr><tr><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>13....</td><td>16,774</td><td>16,437</td><td>337</td><td>12....</td><td>4,674</td><td>11,940</td><td>-7,266</td></tr><tr><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td><td>19....</td><td>5,651</td><td>14,667</td><td>-9,016</td></tr><tr><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td><td>26....</td><td>7,915</td><td>15,187</td><td>-7,272</td></tr><tr><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>4,100</td><td>Mar. 5....</td><td>6,684</td><td>25,212</td><td>-18,528</td></tr><tr><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td><td>12....</td><td>5,246</td><td>20,633</td><td>-15,387</td></tr><tr><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>17....</td><td>15,309</td><td>21,266</td><td>-5,957</td><td>19....</td><td>10,613</td><td>25,543</td><td>-14,930</td></tr><tr><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>24....</td><td>9,969</td><td>13,686</td><td>-3,717</td><td>26....</td><td>9,473</td><td>21,740</td><td>-12,267</td></tr><tr><td>26....</td><td>45,644</td><td>33,412</td><td>12,232</td><td>31....</td><td>9,192</td><td>10,056</td><td>-804</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-757</td></tr><tr><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td><td>9....</td><td>9,368</td><td>22,284</td><td>-12,916</td></tr><tr><td>9....</td><td>26,885</td><td>25,402</td><td>1,483</td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td><td>16....</td><td>3,786</td><td>6,625</td><td>-2,839</td></tr><tr><td>16....</td><td>43,426</td><td>38,193</td><td>5,233</td><td>28....</td><td>14,835</td><td>13,049</td><td>1,186</td><td>23....</td><td>5,862</td><td>10,983</td><td>-5,121</td></tr><tr><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>Mar. 6....</td><td>11,723</td><td>15,650</td><td>-3,927</td><td>30....</td><td>5,611</td><td>9,931</td><td>-4,320</td></tr><tr><td>30....</td><td>30,735</td><td>28,197</td><td>2,538</td><td>13....</td><td>11,518</td><td>19,411</td><td>-7,893</td><td>May 7....</td><td>6,097</td><td>14,708</td><td>-8,611</td></tr><tr><td>Dec. 7....</td><td>29,389</td><td>23,352</td><td>6,037</td><td>20....</td><td>11,217</td><td>14,986</td><td>-3,769</td><td>14....</td><td>7,045</td><td>25,674</td><td>-18,629</td></tr><tr><td>14....</td><td>20,646</td><td>28,398</td><td>-7,752</td><td>27....</td><td>6,176</td><td>11,514</td><td>-5,338</td><td>21....</td><td>8,129</td><td>13,720</td><td>-5,591</td></tr><tr><td>21....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>Apr. 3....</td><td>12,778</td><td>21,907</td><td>-9,129</td><td>26....</td><td>5,339</td><td>13,360</td><td>-8,021</td></tr><tr><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>10....</td><td>19,870</td><td>30,725</td><td>-10,855</td><td>June 4....</td><td>6,958</td><td>11,429</td><td>-4,471</td></tr><tr><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td><td>17....</td><td>16,998</td><td>16,914</td><td>84</td><td>11....</td><td>4,801</td><td>7,477</td><td>-2,676</td></tr><tr><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>24....</td><td>16,284</td><td>20,345</td><td>4,061</td><td>18....</td><td>5,277</td><td>5,287</td><td>-10</td></tr><tr><td>18....</td><td>21,357</td><td>29,874</td><td>-8,507</td><td>May 1....</td><td>10,635</td><td>14,832</td><td>4,197</td><td>25....</td><td>3,443</td><td>5,467</td><td>-2,024</td></tr><tr><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>8....</td><td>10,392</td><td>15,034</td><td>4,642</td><td>July 2....</td><td>3,704</td><td>4,910</td><td>-1,206</td></tr><tr><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>15....</td><td>16,102</td><td>20,440</td><td>4,338</td><td>9....</td><td>5,651</td><td>6,823</td><td>-1,172</td></tr><tr><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>22....</td><td>19,019</td><td>23,948</td><td>4,929</td><td>16....</td><td>4,678</td><td>6,499</td><td>-1,821</td></tr><tr><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>29....</td><td>17,043</td><td>24,824</td><td>-7,781</td><td>23....</td><td>5,567</td><td>8,981</td><td>-3,414</td></tr><tr><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>30....</td><td>6,858</td><td>8,036</td><td>-1,178</td></tr><tr><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td></td><td></td><td></td><td></td></tr><tr><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td></td><td></td><td></td><td></td></tr><tr><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>29....</td><td>29,386</td><td>23,209</td><td>6,177</td><td></td><td></td><td></td><td></td></tr></table>
1/ includes transactions executed in the United States for foreign account, executed abroad for domestic account, and transactions in joint foreign arbitrage accounts as reported by banks, bankers, brokers, and dealers in the United States.
FOREIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
Weekly
13
74
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers in the United States for July 1941
(in thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>9,635</td><td>4,182</td><td>42</td><td>2</td><td>-</td><td>2</td><td>31</td><td>91</td><td>181</td><td>213</td><td>4,744</td><td>1,496</td><td>509</td><td>798</td><td>1,112</td><td>2,110</td><td>776</td></tr><tr><td>July 9 Forward</td><td>4,955</td><td>2,258</td><td>-</td><td>2</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2,264</td><td>2,034</td><td>-</td><td>143</td><td>122</td><td>267</td><td>7</td></tr><tr><td>July 16 Spot</td><td>11,809</td><td>4,544</td><td>129</td><td>-</td><td>-</td><td>33</td><td>1</td><td>33</td><td>1,083</td><td>31</td><td>5,854</td><td>2,312</td><td>1,283</td><td>588</td><td>1,219</td><td>1,807</td><td>553</td></tr><tr><td>July 16 Forward</td><td>928</td><td>461</td><td>2</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>474</td><td>122</td><td>19</td><td>120</td><td>193</td><td>313</td><td>-</td></tr><tr><td>July 23 Spot</td><td>9,902</td><td>4,777</td><td>67</td><td>-</td><td>1</td><td>25</td><td>2</td><td>176</td><td>358</td><td>95</td><td>5,501</td><td>1,601</td><td>558</td><td>610</td><td>691</td><td>1,301</td><td>941</td></tr><tr><td>July 23 Forward</td><td>691</td><td>397</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>408</td><td>35</td><td>-</td><td>153</td><td>95</td><td>248</td><td>-</td></tr><tr><td>July 30 Spot</td><td>9,854</td><td>3,880</td><td>105</td><td>1</td><td>-</td><td>35</td><td>2</td><td>85</td><td>660</td><td>252</td><td>5,020</td><td>1,538</td><td>628</td><td>579</td><td>538</td><td>1,117</td><td>1,551</td></tr><tr><td>July 30 Forward</td><td>529</td><td>122</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>60</td><td>4</td><td>188</td><td>96</td><td>-</td><td>170</td><td>75</td><td>245</td><td>-</td></tr><tr><td>Purchases from banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>6,758</td><td>3,008</td><td>27</td><td>-</td><td>-</td><td>2</td><td>-</td><td>88</td><td>167</td><td>211</td><td>3,503</td><td>864</td><td>439</td><td>610</td><td>1,272</td><td>1,832</td><td>70</td></tr><tr><td>July 9 Forward</td><td>2,256</td><td>49</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>49</td><td>2,015</td><td>-</td><td>70</td><td>122</td><td>192</td><td>-</td></tr><tr><td>July 16 Spot</td><td>8,793</td><td>3,504</td><td>74</td><td>-</td><td>-</td><td>29</td><td>1</td><td>31</td><td>1,058</td><td>3</td><td>4,700</td><td>1,274</td><td>1,208</td><td>418</td><td>1,110</td><td>1,528</td><td>83</td></tr><tr><td>July 16 Forward</td><td>467</td><td>75</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>77</td><td>104</td><td>19</td><td>74</td><td>193</td><td>267</td><td>-</td></tr><tr><td>July 23 Spot</td><td>6,768</td><td>3,576</td><td>55</td><td>-</td><td>1</td><td>20</td><td>2</td><td>121</td><td>347</td><td>90</td><td>4,212</td><td>1,010</td><td>491</td><td>385</td><td>619</td><td>1,004</td><td>51</td></tr><tr><td>July 23 Forward</td><td>195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td><td>65</td><td>95</td><td>160</td><td>-</td></tr><tr><td>July 30 Spot</td><td>6,100</td><td>2,544</td><td>83</td><td>-</td><td>-</td><td>32</td><td>-</td><td>75</td><td>638</td><td>246</td><td>3,618</td><td>841</td><td>538</td><td>465</td><td>511</td><td>976</td><td>127</td></tr><tr><td>July 30 Forward</td><td>419</td><td>72</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>60</td><td>4</td><td>138</td><td>96</td><td>-</td><td>110</td><td>75</td><td>185</td><td>-</td></tr><tr><td>Purchases from customers other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>2,877</td><td>1,174</td><td>15</td><td>2</td><td>-</td><td>-</td><td>31</td><td>3</td><td>14</td><td>2</td><td>1,241</td><td>632</td><td>70</td><td>188</td><td>40</td><td>228</td><td>706</td></tr><tr><td>July 9 Forward</td><td>2,309</td><td>2,209</td><td>-</td><td>2</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2,215</td><td>19</td><td>-</td><td>75</td><td>-</td><td>75</td><td>-</td></tr><tr><td>July 16 Spot</td><td>3,016</td><td>1,040</td><td>55</td><td>-</td><td>-</td><td>4</td><td>2</td><td>25</td><td>28</td><td>1,154</td><td>1,038</td><td>75</td><td>170</td><td>109</td><td>279</td><td>470</td></tr><tr><td>July 16 Forward</td><td>461</td><td>386</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>397</td><td>18</td><td>-</td><td>46</td><td>-</td><td>46</td><td>-</td></tr><tr><td>July 23 Spot</td><td>3,134</td><td>1,201</td><td>12</td><td>-</td><td>-</td><td>5</td><td>55</td><td>11</td><td>5</td><td>1,289</td><td>591</td><td>67</td><td>225</td><td>72</td><td>297</td><td>890</td></tr><tr><td>July 23 Forward</td><td>496</td><td>397</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>408</td><td>-</td><td>-</td><td>85</td><td>-</td><td>85</td><td>-</td></tr><tr><td>July 30 Spot</td><td>3,754</td><td>1,336</td><td>22</td><td>1</td><td>-</td><td>3</td><td>2</td><td>10</td><td>22</td><td>6</td><td>1,402</td><td>697</td><td>90</td><td>114</td><td>27</td><td>141</td><td>1,424</td></tr><tr><td>July 30 Forward</td><td>110</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>-</td><td>60</td><td>-</td><td>60</td><td>-</td></tr><tr><td>TOTAL SALES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>10,523</td><td>5,107</td><td>76</td><td>2</td><td>-</td><td>2</td><td>2</td><td>56</td><td>197</td><td>217</td><td>5,699</td><td>1,626</td><td>505</td><td>855</td><td>1,448</td><td>2,301</td><td>422</td></tr><tr><td>July 9 Forward</td><td>4,374</td><td>2,315</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,315</td><td>2,013</td><td>-</td><td>44</td><td>2</td><td>46</td><td>-</td></tr><tr><td>July 16 Spot</td><td>11,418</td><td>4,704</td><td>90</td><td>1</td><td>1</td><td>49</td><td>-</td><td>20</td><td>1,045</td><td>31</td><td>5,941</td><td>2,155</td><td>975</td><td>643</td><td>1,295</td><td>1,938</td><td>409</td></tr><tr><td>July 16 Forward</td><td>610</td><td>384</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>384</td><td>146</td><td>-</td><td>72</td><td>8</td><td>80</td><td>-</td></tr><tr><td>July 23 Spot</td><td>10,285</td><td>5,176</td><td>77</td><td>1</td><td>-</td><td>58</td><td>1</td><td>179</td><td>441</td><td>97</td><td>6,030</td><td>1,622</td><td>563</td><td>658</td><td>872</td><td>1,530</td><td>541</td></tr><tr><td>July 23 Forward</td><td>205</td><td>108</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>108</td><td>39</td><td>-</td><td>58</td><td>-</td><td>53</td><td>-</td></tr><tr><td>July 30 Spot</td><td>10,447</td><td>4,510</td><td>88</td><td>-</td><td>-</td><td>46</td><td>20</td><td>84</td><td>622</td><td>252</td><td>5,622</td><td>1,771</td><td>650</td><td>697</td><td>780</td><td>1,477</td><td>927</td></tr><tr><td>July 30 Forward</td><td>228</td><td>86</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>86</td><td>102</td><td>-</td><td>25</td><td>15</td><td>40</td><td>-</td></tr><tr><td>Sales to banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>3,358</td><td>1,616</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td><td>171</td><td>-</td><td>1,823</td><td>709</td><td>170</td><td>241</td><td>88</td><td>329</td><td>327</td></tr><tr><td>July 9 Forward</td><td>2,263</td><td>2,210</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,210</td><td>13</td><td>-</td><td>40</td><td>-</td><td>40</td><td>-</td></tr><tr><td>July 16 Spot</td><td>3,742</td><td>1,600</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>101</td><td>-</td><td>1,719</td><td>1,095</td><td>364</td><td>160</td><td>118</td><td>278</td><td>286</td></tr><tr><td>July 16 Forward</td><td>520</td><td>350</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>350</td><td>104</td><td>-</td><td>65</td><td>-</td><td>66</td><td>-</td></tr><tr><td>July 23 Spot</td><td>3,212</td><td>1,294</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>83</td><td>197</td><td>1</td><td>1,593</td><td>698</td><td>200</td><td>131</td><td>174</td><td>305</td><td>416</td></tr><tr><td>July 23 Forward</td><td>167</td><td>84</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>84</td><td>39</td><td>-</td><td>44</td><td>-</td><td>44</td><td>-</td></tr><tr><td>July 30 Spot</td><td>4,441</td><td>1,891</td><td>18</td><td>-</td><td>-</td><td>3</td><td>2</td><td>55</td><td>251</td><td>47</td><td>2,263</td><td>861</td><td>191</td><td>77</td><td>266</td><td>343</td><td>783</td></tr><tr><td>July 30 Forward</td><td>71</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>54</td><td>6</td><td>-</td><td>11</td><td>-</td><td>11</td><td>-</td></tr><tr><td>Sales to customers other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9 Spot</td><td>7,165</td><td>3,491</td><td>66</td><td>2</td><td>-</td><td>2</td><td>2</td><td>30</td><td>26</td><td>217</td><td>3,836</td><td>917</td><td>335</td><td>612</td><td>1,360</td><td>1,972</td><td>105</td></tr><tr><td>July 9 Forward</td><td>2,111</td><td>105</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>105</td><td>2,000</td><td>-</td><td>4</td><td>2</td><td>6</td><td>-</td></tr><tr><td>July 16 Spot</td><td>7,676</td><td>3,104</td><td>73</td><td>1</td><td>1</td><td>49</td><td>19</td><td>944</td><td>31</td><td>4,222</td><td>1,060</td><td>611</td><td>483</td><td>1,177</td><td>1,660</td><td>123</td></tr><tr><td>July 16 Forward</td><td>90</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>34</td><td>42</td><td>-</td><td>6</td><td>8</td><td>14</td><td>-</td></tr><tr><td>July 23 Spot</td><td>7,074</td><td>3,882</td><td>59</td><td>1</td><td>-</td><td>58</td><td>1</td><td>96</td><td>244</td><td>96</td><td>4,437</td><td>924</td><td>363</td><td>527</td><td>698</td><td>1,225</td><td>125</td></tr><tr><td>July 23 Forward</td><td>38</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>14</td><td>-</td><td>14</td><td>-</td></tr><tr><td>July 30 Spot</td><td>6,006</td><td>2,619</td><td>74</td><td>-</td><td>-</td><td>43</td><td>18</td><td>29</td><td>371</td><td>203</td><td>3,399</td><td>910</td><td>459</td><td>620</td><td>514</td><td>1,134</td><td>144</td></tr><tr><td>July 30 Forward</td><td>157</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>32</td><td>96</td><td>-</td><td>14</td><td>15</td><td>29</td><td>-</td></tr></table>
75
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during July 1941
(In thousands of dollars)
<table><tr><th>Contracts as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>20,179</td><td>9,738</td><td>18</td><td>531</td><td>-</td><td>-</td><td>458</td><td>-</td><td>86</td><td>2</td><td>10,833</td><td>3,659</td><td>1,658</td><td>2,749</td><td>1,284</td><td>4,033</td><td>-</td></tr><tr><td>July 16.</td><td>19,450</td><td>9,412</td><td>18</td><td>531</td><td>-</td><td>-</td><td>458</td><td>-</td><td>86</td><td>2</td><td>10,507</td><td>3,579</td><td>1,566</td><td>2,351</td><td>1,447</td><td>3,798</td><td>-</td></tr><tr><td>July 23.</td><td>19,434</td><td>9,358</td><td>18</td><td>531</td><td>-</td><td>-</td><td>458</td><td>-</td><td>86</td><td>1</td><td>10,452</td><td>3,589</td><td>1,547</td><td>2,329</td><td>1,517</td><td>3,846</td><td>-</td></tr><tr><td>July 30.</td><td>17,654</td><td>8,248</td><td>18</td><td>525</td><td>-</td><td>-</td><td>458</td><td>-</td><td>117</td><td>-</td><td>9,366</td><td>3,584</td><td>1,547</td><td>2,042</td><td>1,115</td><td>3,157</td><td>-</td></tr><tr><td>Contracts for purchase from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>11,844</td><td>4,011</td><td>-</td><td>298</td><td>-</td><td>-</td><td>218</td><td>-</td><td>86</td><td>-</td><td>4,613</td><td>3,131</td><td>1,206</td><td>1,616</td><td>1,278</td><td>2,894</td><td>-</td></tr><tr><td>July 16.</td><td>11,434</td><td>3,645</td><td>-</td><td>298</td><td>-</td><td>-</td><td>218</td><td>-</td><td>86</td><td>-</td><td>4,247</td><td>2,987</td><td>1,225</td><td>1,534</td><td>1,441</td><td>2,975</td><td>-</td></tr><tr><td>July 23.</td><td>11,518</td><td>3,654</td><td>-</td><td>298</td><td>-</td><td>-</td><td>218</td><td>-</td><td>86</td><td>-</td><td>4,256</td><td>2,983</td><td>1,115</td><td>1,653</td><td>1,511</td><td>3,164</td><td>-</td></tr><tr><td>July 30.</td><td>10,576</td><td>2,926</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>117</td><td>-</td><td>3,558</td><td>3,095</td><td>1,115</td><td>1,697</td><td>1,111</td><td>2,808</td><td>-</td></tr><tr><td>Contracts for purchase from domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>8,335</td><td>5,727</td><td>18</td><td>233</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>2</td><td>6,220</td><td>528</td><td>448</td><td>1,133</td><td>6</td><td>1,139</td><td>-</td></tr><tr><td>July 16.</td><td>8,016</td><td>5,767</td><td>18</td><td>233</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>2</td><td>6,260</td><td>592</td><td>381</td><td>817</td><td>6</td><td>823</td><td>-</td></tr><tr><td>July 23.</td><td>7,916</td><td>5,704</td><td>18</td><td>233</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>1</td><td>6,196</td><td>606</td><td>432</td><td>676</td><td>6</td><td>662</td><td>-</td></tr><tr><td>July 30.</td><td>7,078</td><td>5,322</td><td>18</td><td>228</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>-</td><td>5,808</td><td>489</td><td>432</td><td>345</td><td>4</td><td>349</td><td>-</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>19,688</td><td>10,048</td><td>21</td><td>682</td><td>-</td><td>21</td><td>1,206</td><td>14</td><td>-</td><td>2</td><td>11,994</td><td>3,789</td><td>1,451</td><td>2,304</td><td>134</td><td>2,436</td><td>16</td></tr><tr><td>July 16.</td><td>18,460</td><td>9,714</td><td>21</td><td>682</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>-</td><td>2</td><td>11,649</td><td>3,721</td><td>1,307</td><td>1,629</td><td>135</td><td>1,764</td><td>19</td></tr><tr><td>July 23.</td><td>18,128</td><td>9,747</td><td>21</td><td>682</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>-</td><td>2</td><td>11,682</td><td>3,729</td><td>1,252</td><td>1,334</td><td>115</td><td>1,449</td><td>16</td></tr><tr><td>July 30.</td><td>15,492</td><td>6,389</td><td>20</td><td>682</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>-</td><td>1</td><td>10,322</td><td>3,752</td><td>1,249</td><td>1,020</td><td>130</td><td>1,150</td><td>19</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>9,012</td><td>5,651</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>7,013</td><td>268</td><td>1,357</td><td>372</td><td>2</td><td>374</td><td>-</td></tr><tr><td>July 16.</td><td>8,901</td><td>5,700</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>7,062</td><td>268</td><td>1,216</td><td>355</td><td>-</td><td>355</td><td>-</td></tr><tr><td>July 23.</td><td>8,653</td><td>5,693</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>7,055</td><td>268</td><td>1,159</td><td>371</td><td>-</td><td>372</td><td>-</td></tr><tr><td>July 30.</td><td>8,135</td><td>5,187</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>6,549</td><td>-</td><td>1,186</td><td>400</td><td>-</td><td>400</td><td>-</td></tr><tr><td>Contracts for sale to domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 9.</td><td>10,676</td><td>4,397</td><td>21</td><td>72</td><td>-</td><td>21</td><td>468</td><td>-</td><td>-</td><td>2</td><td>4,981</td><td>3,521</td><td>94</td><td>1,932</td><td>132</td><td>2,064</td><td>16</td></tr><tr><td>July 16.</td><td>9,559</td><td>4,014</td><td>21</td><td>72</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>4,587</td><td>3,453</td><td>91</td><td>1,274</td><td>135</td><td>1,409</td><td>19</td></tr><tr><td>July 23.</td><td>9,275</td><td>4,054</td><td>21</td><td>72</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>4,627</td><td>3,461</td><td>93</td><td>963</td><td>115</td><td>1,078</td><td>16</td></tr><tr><td>July 30.</td><td>8,357</td><td>3,202</td><td>20</td><td>72</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>1</td><td>3,773</td><td>3,752</td><td>63</td><td>620</td><td>130</td><td>750</td><td>19</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for July 1941
In thousands of dollars. Long position or short position (-)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="13">Currency of:</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>July 9.</td><td>-5,047</td><td>-472</td><td>-530</td><td>-627</td><td>-26</td><td>-105</td><td>-1,447</td><td>-30</td><td>27</td><td>-272</td><td>-3,481</td><td>724</td><td>-443</td><td>-71</td><td>-1,831</td><td>-1,902</td><td>55</td></tr><tr><td>July 16.</td><td>-4,390</td><td>-373</td><td>-489</td><td>-628</td><td>-26</td><td>-109</td><td>-1,446</td><td>-16</td><td>26</td><td>-273</td><td>-3,334</td><td>669</td><td>-140</td><td>-91</td><td>-1,710</td><td>-1,801</td><td>16</td></tr><tr><td>July 23.</td><td>-4,367</td><td>-182</td><td>-499</td><td>-629</td><td>-25</td><td>-114</td><td>-1,445</td><td>-20</td><td>-52</td><td>-273</td><td>-3,259</td><td>847</td><td>-161</td><td>-97</td><td>-1,798</td><td>-1,895</td><td>101</td></tr><tr><td>July 30.</td><td>-4,771</td><td>-137</td><td>-477</td><td>-628</td><td>-25</td><td>-137</td><td>-1,462</td><td>-20</td><td>43</td><td>-265</td><td>-3,108</td><td>652</td><td>-210</td><td>-110</td><td>-2,008</td><td>-2,115</td><td>13</td></tr></table>
GOLD AND SILVER STATISTICS
76
77
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Cold Assets</th><th colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Cold Certificates 1/</th><th>Cold Reserve against U. S. notes, etc. 2/</th><th>Stabilization Fund 3/</th><th>Cold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,300.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1935</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,300.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,300.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,300.0</td><td>632.4</td></tr><tr><td>1939</td><td>17,043.4</td><td>15,273.6</td><td>156.0</td><td>1,200.0</td><td>403.9</td></tr><tr><td>1940</td><td>21,994.5</td><td>19,825.4</td><td>156.0</td><td>1,300.0</td><td>213.2</td></tr><tr><td>1940-September</td><td>21,244.4</td><td>19,005.9</td><td>156.0</td><td>1,800.0</td><td>282.4</td></tr><tr><td>October</td><td>21,505.5</td><td>19,354.6</td><td>156.0</td><td>1,800.0</td><td>194.8</td></tr><tr><td>November</td><td>21,800.4</td><td>19,651.6</td><td>156.0</td><td>1,800.0</td><td>192.8</td></tr><tr><td>December</td><td>21,994.5</td><td>19,825.4</td><td>156.0</td><td>1,800.0</td><td>217.2</td></tr><tr><td>1941-January</td><td>22,115.7</td><td>19,977.6</td><td>156.0</td><td>1,800.0</td><td>162.1</td></tr><tr><td>February</td><td>22,231.2</td><td>20,094.7</td><td>156.0</td><td>1,800.0</td><td>180.4</td></tr><tr><td>March</td><td>22,367.0</td><td>20,175.9</td><td>156.0</td><td>1,800.0</td><td>235.0</td></tr><tr><td>April</td><td>22,505.3</td><td>20,267.4</td><td>156.0</td><td>1,800.0</td><td>261.9</td></tr><tr><td>May</td><td>22,574.9</td><td>20,387.8</td><td>156.0</td><td>1,800.0</td><td>231.1</td></tr><tr><td>June</td><td>22,624.1</td><td>20,384.5</td><td>156.0</td><td>1,800.0</td><td>287.5</td></tr><tr><td>July</td><td>22,674.4</td><td>20,379.7</td><td>156.0</td><td>1,800.0</td><td>338.6</td></tr><tr><td>August</td><td>22,718.7</td><td>20,376.4</td><td>156.0</td><td>1,800.0</td><td>386.2</td></tr><tr><td>September</td><td>22,760.5</td><td>20,522.6</td><td>156.0</td><td>1,800.0</td><td>281.9</td></tr></table>
Source: Daily Treasury Statements.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in (a) the Gold Certificate Fund - Board of Governors, Federal Reserve System, and (b) the Redemption Fund - Federal Reserve notes.
2/ Reserve against United States notes and Treasury notes of 1890.
3/ Excludes gold in active portion of Stabilization Fund.
Net Movement of Gold to and from the United States
(In millions of dollars at $35 per fine ounce)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>France</th><th>Nether-lande</th><th>Swit-zerland</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</th><th>British India</th><th>Aus-trelle</th><th>Philip-pine Islande</th><th>Co-lombia</th><th>Chile</th><th>Peru</th><th>China 1/</th><th>All other</th><th>Total net importe or out exports (-)</th></tr><tr><td>1934</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.5</td><td>3.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936</td><td>174.1</td><td>573.7</td><td>71.9</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,115.5</td></tr><tr><td>1937</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.3</td><td>34.7</td><td>25.4</td><td>13.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1939</td><td>1,826.4</td><td>3.8</td><td>341.6</td><td>87.0</td><td>613.0</td><td>33.5</td><td>165.5</td><td>165.2</td><td>53.3</td><td>74.3</td><td>35.6</td><td>23.2</td><td>10.1</td><td>5.3</td><td>23.1</td><td>103.1</td><td>3,574.2</td></tr><tr><td>1940</td><td>633.0</td><td>241.5</td><td>63.3</td><td>90.2</td><td>2,622.4</td><td>29.7</td><td>111.7</td><td>1.0</td><td>49.9</td><td>103.8</td><td>38.7</td><td>23.9</td><td>10.7</td><td>10.3</td><td>26.4</td><td>688.0</td><td>4,744.6</td></tr><tr><td>1940-September</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>217.6</td><td>.5</td><td>13.2</td><td>-</td><td>.5</td><td>14.6</td><td>3.8</td><td>2.3</td><td>1.1</td><td>1.1</td><td>2.7</td><td>73.0</td><td>374.1</td></tr><tr><td>October</td><td>1.7</td><td>-</td><td>-</td><td>-</td><td>222.7</td><td>.5</td><td>11.8</td><td>-</td><td>.8</td><td>14.8</td><td>2.7</td><td>-</td><td>.4</td><td>.5</td><td>.6</td><td>69.5</td><td>326.0</td></tr><tr><td>November</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>262.7</td><td>.5</td><td>12.2</td><td>-</td><td>2.2</td><td>14.4</td><td>3.3</td><td>-</td><td>1.0</td><td>.6</td><td>.8</td><td>31.5</td><td>330.1</td></tr><tr><td>December</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>80.4</td><td>.3</td><td>13.3</td><td>-</td><td>7.4</td><td>15.0</td><td>3.3</td><td>2.8</td><td>1.1</td><td>1.2</td><td>.1</td><td>12.2</td><td>137.2</td></tr><tr><td>1941-January</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>46.9</td><td>1.1</td><td>6.1</td><td>-</td><td>4.5</td><td>11.1</td><td>3.2</td><td>3.2</td><td>.5</td><td>1.2</td><td>.8</td><td>155.02/</td><td>234.2</td></tr><tr><td>February</td><td>1.2</td><td>-</td><td>-</td><td>.3</td><td>81.5</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>6.7</td><td>2.8</td><td>-</td><td>1.1</td><td>.6</td><td>-</td><td>13.6</td><td>108.6</td></tr><tr><td>March</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>95.6</td><td>.9</td><td>3.0</td><td>-</td><td>-</td><td>6.3</td><td>4.0</td><td>2.2</td><td>.3</td><td>.2</td><td>-</td><td>5.3</td><td>118.6</td></tr><tr><td>April</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20.2</td><td>1.1</td><td>.3</td><td>-</td><td>-</td><td>4.7</td><td>3.6</td><td>2.9</td><td>.7</td><td>1.3</td><td>2.1</td><td>135.13/</td><td>172.0</td></tr><tr><td>May 4/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16.3</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>4.2</td><td>3.4</td><td>2.8</td><td>.9</td><td>.4</td><td>-</td><td>5.8</td><td>34.85/</td></tr><tr><td>June 4/</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>17.5</td><td>.8</td><td>-</td><td>-</td><td>.1</td><td>4.6</td><td>2.1</td><td>-</td><td>1.1</td><td>1.3</td><td>-</td><td>2.7</td><td>30.75/</td></tr><tr><td>July 4/</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>19.2</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>5.2</td><td>5.0</td><td>2.1</td><td>.7</td><td>.5</td><td>-</td><td>2.8</td><td>37.15/</td></tr><tr><td>August 4/</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>10.8</td><td>.8</td><td>-</td><td>-</td><td>2.0</td><td>6.7</td><td>5.1</td><td>2.2</td><td>.2</td><td>.1</td><td>.7</td><td>8.1</td><td>37.05/</td></tr><tr><td>September 4/</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>42.6</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>2.1</td><td>3.1</td><td>2.5</td><td>1.2</td><td>1.6</td><td>-</td><td>11.8</td><td>65.75/</td></tr></table>
Source: U. S. Department of Commerce.
1/ Includes Hong Kong.
2/ From South Africa $149.7 millions.
3/ From South Africa $132.2 millions.
4/ In the interest of national and hemisphere defense, the Department of Commerce has temporarily suspended publication of gold export statistics by country of destination. This action is effective with statistics for May 1941. The figures shown in the table for May, June, July, August, and September 1941 for the various countries represent gross imports.
5/ Gross exports amounted to $5,029 in May, to $6,797 in June, to $13,094 in July, to $6,090 in August, and to $4,999 in September.
78
MONETARY STOCKS OF GOLD AND SILVER IN THE UNITED STATES
Gold per Ounce $35.00; Silver per Ounce $1.29
79
Monetary Stocks of Gold and Silver
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,356.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1941</td><td>22,624.2</td><td>4,148.7</td><td>15.5</td></tr><tr><td>1940-September</td><td>21,244.4</td><td>4,002.2</td><td>15.9</td></tr><tr><td>October</td><td>21,505.5</td><td>4,022.9</td><td>15.8</td></tr><tr><td>November</td><td>21,800.3</td><td>4,038.9</td><td>15.6</td></tr><tr><td>December</td><td>21,994.8</td><td>4,060.0</td><td>15.6</td></tr><tr><td>1941-January</td><td>22,116.5</td><td>4,078.6</td><td>15.6</td></tr><tr><td>February</td><td>22,231.9</td><td>4,092.5</td><td>15.5</td></tr><tr><td>March</td><td>22,367.3</td><td>4,107.6</td><td>15.5</td></tr><tr><td>April</td><td>22,505.8</td><td>4,120.8</td><td>15.5</td></tr><tr><td>May</td><td>22,574.9</td><td>4,135.3</td><td>15.5</td></tr><tr><td>June</td><td>22,624.2</td><td>4,148.7</td><td>15.5</td></tr><tr><td>July</td><td>22,674.7</td><td>4,157.9</td><td>15.5</td></tr><tr><td>August</td><td>22,719.4</td><td>4,188.1</td><td>15.5</td></tr><tr><td>September</td><td>22,760.5 p</td><td>4,191.8 p</td><td>15.6 p</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p. Preliminary.
Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per ounce</th></tr><tr><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th>Silver dollars 1/</th><th>Sub-sidiary coin 2/</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Sub-sidiary coin 2/</th><th>Bullion for recoin-age 2/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Sub-sidiary coin 2/</th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.9</td><td>503.7</td><td>5.4</td><td>-</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>1939</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,393.1</td><td>494.6</td><td>2.3</td><td>-</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1940-Sept.</td><td>1,373.4</td><td>497.1</td><td>4.4</td><td>-</td><td>652.4</td><td>50.0</td><td>406.6</td><td>4,002.2</td></tr><tr><td>Oct.</td><td>1,383.6</td><td>496.5</td><td>3.8</td><td>.1</td><td>654.2</td><td>50.6</td><td>410.9</td><td>4,022.9</td></tr><tr><td>Nov.</td><td>1,390.2</td><td>496.1</td><td>1.5</td><td>-</td><td>655.6</td><td>51.0</td><td>417.7</td><td>4,038.9</td></tr><tr><td>Dec.</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>-</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1941-Jan.</td><td>1,405.7</td><td>494.6</td><td>5.3</td><td>-</td><td>659.9</td><td>52.5</td><td>422.1</td><td>4,078.6</td></tr><tr><td>Feb.</td><td>1,411.8</td><td>494.2</td><td>5.4</td><td>.3</td><td>662.5</td><td>52.8</td><td>422.3</td><td>4,092.5</td></tr><tr><td>Mar.</td><td>1,417.7</td><td>494.0</td><td>4.0</td><td>-</td><td>665.2</td><td>53.1</td><td>425.0</td><td>4,107.6</td></tr><tr><td>Apr.</td><td>1,423.8</td><td>493.7</td><td>5.1</td><td>-</td><td>665.5</td><td>53.4</td><td>429.3</td><td>4,120.8</td></tr><tr><td>May</td><td>1,430.0</td><td>493.0</td><td>4.9</td><td>.1</td><td>666.1</td><td>54.1</td><td>434.8</td><td>4,135.3</td></tr><tr><td>June</td><td>1,435.9</td><td>492.0</td><td>4.1</td><td>-</td><td>665.2</td><td>55.1</td><td>443.2</td><td>4,148.7</td></tr><tr><td>July</td><td>1,443.5</td><td>490.7</td><td>5.4</td><td>.1</td><td>665.4</td><td>56.3</td><td>450.0</td><td>4,167.9</td></tr><tr><td>Aug.</td><td>1,451.3</td><td>489.6</td><td>5.1</td><td>-</td><td>666.9</td><td>57.5</td><td>456.6</td><td>4,188.1</td></tr><tr><td>Sept.</td><td>1,459.3</td><td>488.4</td><td>3.8</td><td>-</td><td>666.2</td><td>57.5</td><td>456.6</td><td>4,191.8</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary. 1/ Valued at $1.29+ per ounce. 2/ Valued at $1.33+ per ounce.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions of ounces or dollars)
<table><tr><th>Calendar year or month</th><th colspan="2">Newly mined domestic 1/</th><th colspan="2">National- ized 2/</th><th colspan="2">Foreign 3/</th><th colspan="2">Total</th></tr><tr><th></th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th></tr><tr><td>1934.....</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935.....</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>313.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936.....</td><td>61.1</td><td>47.3</td><td>4</td><td>.2</td><td>271.9</td><td>150.3</td><td>333.4</td><td>197.8</td></tr><tr><td>1937.....</td><td>70.6</td><td>54.6</td><td>-</td><td>-</td><td>241.5</td><td>108.7</td><td>312.2</td><td>163.3</td></tr><tr><td>1938.....</td><td>61.6</td><td>42.2</td><td>-</td><td>-</td><td>355.4</td><td>156.9</td><td>417.1</td><td>199.1</td></tr><tr><td>1939.....</td><td>60.7</td><td>40.1</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td><td>343.3</td><td>160.6</td></tr><tr><td>1940.....</td><td>68.3</td><td>48.5</td><td>-</td><td>-</td><td>139.8</td><td>50.9</td><td>208.0</td><td>99.4</td></tr><tr><td>1940-Sept.</td><td>4.7</td><td>3.4</td><td>-</td><td>-</td><td>10.3</td><td>3.6</td><td>15.0</td><td>7.0</td></tr><tr><td>Oct.</td><td>7.9</td><td>5.6</td><td>-</td><td>-</td><td>8.0</td><td>2.8</td><td>15.9</td><td>8.4</td></tr><tr><td>Nov.</td><td>6.8</td><td>4.8</td><td>-</td><td>-</td><td>5.6</td><td>2.0</td><td>12.4</td><td>6.8</td></tr><tr><td>Dec.</td><td>7.2</td><td>5.1</td><td>-</td><td>-</td><td>9.0</td><td>3.2</td><td>16.2</td><td>8.3</td></tr><tr><td>1941-Jan.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>7.9</td><td>2.8</td><td>14.4</td><td>7.4</td></tr><tr><td>Feb.</td><td>5.9</td><td>4.2</td><td>-</td><td>-</td><td>4.8</td><td>1.7</td><td>10.7</td><td>5.9</td></tr><tr><td>Mar.</td><td>5.7</td><td>4.1</td><td>-</td><td>-</td><td>6.0</td><td>2.1</td><td>11.7</td><td>6.2</td></tr><tr><td>Apr.</td><td>6.3</td><td>4.5</td><td>-</td><td>-</td><td>3.9</td><td>1.4</td><td>10.2</td><td>5.9</td></tr><tr><td>May.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>4.7</td><td>1.7</td><td>11.2</td><td>6.3</td></tr><tr><td>June.</td><td>4.3</td><td>3.1</td><td>-</td><td>-</td><td>6.1</td><td>2.3</td><td>10.4</td><td>5.4</td></tr><tr><td>July.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>8.6</td><td>3.2</td><td>15.1</td><td>7.8</td></tr><tr><td>Aug.</td><td>6.7</td><td>4.8</td><td>-</td><td>-</td><td>8.7</td><td>3.3</td><td>15.4</td><td>8.1</td></tr><tr><td>Sept.</td><td>7.2</td><td>5.1</td><td>-</td><td>-</td><td>7.6</td><td>2.9</td><td>14.8</td><td>8.0</td></tr></table>
1/ Acquired at 6u.54+ cents per fine ounce until April 9, 1935; at 7i.11+ cents per fine ounce from that date until April 23, 1935; at 77.57+ cents from April 23, 1935 to December 31, 1937; at 6u.64+ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 7i.11+ cents since July 1, 1939.
2/ Acquired at 50.01 cents per fine ounce. Executive Proclamation of August 9, 1934, repealed April 28, 1938.
3/ Acquired at various prices averaging approximately 51 cents per ounce.
80
Seigniorage on Silver
(Cumulative from January 1, 1934 - In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver and minor coin</th><th colspan="6">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in General Fund 2/</th></tr><tr><th></th><th></th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Newly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th></th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>132.6</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941-January</td><td>125.3</td><td>48.7</td><td>87.6</td><td>27.7</td><td>564.7</td><td>34.7</td><td>763.4</td><td>1,062.9</td></tr><tr><td>February</td><td>127.0</td><td>48.7</td><td>87.6</td><td>29.6</td><td>565.9</td><td>34.7</td><td>766.5</td><td>1,069.8</td></tr><tr><td>March</td><td>128.3</td><td>48.7</td><td>87.6</td><td>31.5</td><td>567.0</td><td>34.7</td><td>769.5</td><td>1,074.9</td></tr><tr><td>April</td><td>132.6</td><td>48.7</td><td>87.6</td><td>33.5</td><td>568.1</td><td>34.7</td><td>772.6</td><td>1,076.2</td></tr><tr><td>May</td><td>137.2</td><td>48.7</td><td>87.6</td><td>35.6</td><td>569.1</td><td>34.7</td><td>775.7</td><td>1,079.1</td></tr><tr><td>June</td><td>143.5</td><td>48.7</td><td>87.6</td><td>37.1</td><td>570.7</td><td>34.7</td><td>778.8</td><td>1,079.5</td></tr><tr><td>July</td><td>149.4</td><td>48.7</td><td>87.6</td><td>39.1</td><td>572.7</td><td>34.7</td><td>782.8</td><td>1,079.8</td></tr><tr><td>August</td><td>155.1</td><td>48.7</td><td>87.6</td><td>41.0</td><td>574.9</td><td>34.7</td><td>786.9</td><td>1,087.3</td></tr><tr><td>September</td><td>162.0</td><td>48.7</td><td>87.6</td><td>43.5</td><td>576.5</td><td>34.7</td><td>791.0</td><td>1,089.8</td></tr></table>
Base: Daily Treasury Statements.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
2/ The figures in this column are not cumulative; as the amount of bullion held increases, the potential seigniorage thereon increases.
Silver Production, by Leading Countries
(in thousand of fine ounce)
<table><tr><th>Calendar year or month</th><th>Total for world</th><th colspan="4">American countries</th><th colspan="7">All other countries 1/</th></tr><tr><th></th><th></th><th>United States</th><th>Canada 2/</th><th>Mexico</th><th>Peru</th><th>Other</th><th>Total</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India 4/</th><th>Other Asia</th><th>Africa</th></tr><tr><td>1933</td><td>169,159</td><td>22,821</td><td>16,395</td><td>68,101</td><td>6,761</td><td>10,819</td><td>44,261</td><td>14,769</td><td>11,553</td><td>6,680</td><td>6,080</td><td>1,103</td><td>4,076</td></tr><tr><td>1934</td><td>190,398</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>45,730</td><td>14,891</td><td>11,257</td><td>7,863</td><td>5,818</td><td>1,179</td><td>4,722</td></tr><tr><td>1935</td><td>220,704</td><td>45,613</td><td>17,743</td><td>75,589</td><td>17,433</td><td>12,788</td><td>51,538</td><td>17,199</td><td>12,434</td><td>9,706</td><td>5,850</td><td>1,219</td><td>5,130</td></tr><tr><td>1936</td><td>253,696</td><td>63,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>56,858</td><td>19,704</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td></tr><tr><td>1937</td><td>274,538</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,708</td><td>61,725</td><td>21,053</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,913</td><td>5,200</td></tr><tr><td>1938</td><td>267,765</td><td>61,689</td><td>23,826</td><td>81,019</td><td>20,424</td><td>15,869</td><td>64,939</td><td>22,747</td><td>15,043</td><td>13,115</td><td>5,947</td><td>2,451</td><td>5,636</td></tr><tr><td>1939</td><td>265,262</td><td>63,872</td><td>24,538</td><td>75,871</td><td>18,802</td><td>17,497</td><td>64,683</td><td>21,224</td><td>15,417</td><td>14,015</td><td>5,943</td><td>2,670</td><td>5,414</td></tr><tr><td>1940</td><td>273,684</td><td>67,013</td><td>23,816</td><td>82,638</td><td>19,000</td><td>16,925</td><td>64,292</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-July</td><td>23,091</td><td>5,530</td><td>2,042</td><td>6,861</td><td>1,500</td><td>1,549</td><td>5,609</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>August</td><td>22,836</td><td>4,419</td><td>1,791</td><td>8,120</td><td>1,500</td><td>1,401</td><td>5,605</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September</td><td>23,835</td><td>5,049</td><td>1,795</td><td>7,990</td><td>2,000</td><td>1,388</td><td>5,613</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October</td><td>22,900</td><td>5,609</td><td>1,673</td><td>7,090</td><td>1,600</td><td>1,318</td><td>5,610</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November</td><td>23,145</td><td>6,367</td><td>1,708</td><td>7,104</td><td>1,500</td><td>1,352</td><td>5,114</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December</td><td>20,645</td><td>6,499</td><td>1,642</td><td>4,568</td><td>1,500</td><td>1,326</td><td>5,110</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-January</td><td>24,329</td><td>5,733</td><td>1,557</td><td>8,750</td><td>1,550</td><td>1,420</td><td>5,319</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February</td><td>23,208</td><td>6,009</td><td>1,357</td><td>7,792</td><td>1,450</td><td>1,298</td><td>5,302</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March</td><td>22,700</td><td>6,445</td><td>1,802</td><td>6,339</td><td>1,500</td><td>1,300</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>22,393</td><td>5,843</td><td>1,484</td><td>7,152</td><td>1,300</td><td>1,300</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May</td><td>20,397</td><td>6,465</td><td>1,902</td><td>3,769</td><td>1,600</td><td>1,320</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>5/</td><td>5,047</td><td>5/</td><td>8,062</td><td>1,500</td><td>5/</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July</td><td>5/</td><td>6,310</td><td>5/</td><td>5/</td><td>1,400</td><td>5/</td><td>5,321</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Annual Reports of the Director of the Mint for annual figures through 1939; releases of American Bureau of Metal Statistics for all later figures.
1/ Breakdown by countries not available after 1939.
2/ Includes Newfoundland.
3/ Includes Chosen and Taiwan.
4/ Includes Burma.
5/ Not yet reported.
81
Net Movement of Silver to and from the United States
(In thousands of dollars)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>381</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 1/</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,381</td><td>2,858</td></tr><tr><td>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>31,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>1940</td><td>343</td><td>-1,168</td><td>6,487</td><td>25,811</td><td>21</td><td>1,313</td><td>6,260</td><td>2,318</td></tr><tr><td>1940-September</td><td>35</td><td>1</td><td>372</td><td>1,803</td><td>4</td><td>102</td><td>652</td><td>141</td></tr><tr><td>October</td><td>-</td><td>4</td><td>293</td><td>2,742</td><td>-</td><td>252</td><td>373</td><td>112</td></tr><tr><td>November</td><td>-</td><td>2</td><td>268</td><td>2,257</td><td>3</td><td>44</td><td>458</td><td>129</td></tr><tr><td>December</td><td>-</td><td>-79</td><td>438</td><td>2,390</td><td>3</td><td>15</td><td>715</td><td>225</td></tr><tr><td>1941-January</td><td>-</td><td>-234</td><td>686</td><td>2,137</td><td>-</td><td>20</td><td>469</td><td>99</td></tr><tr><td>February</td><td>-363</td><td>-16</td><td>401</td><td>1,821</td><td>3</td><td>43</td><td>418</td><td>120</td></tr><tr><td>March</td><td>-</td><td>-161</td><td>394</td><td>2,564</td><td>3</td><td>109</td><td>262</td><td>138</td></tr><tr><td>April</td><td>-</td><td>-2</td><td>578</td><td>2,560</td><td>-</td><td>130</td><td>555</td><td>175</td></tr><tr><td>May 3/</td><td>-</td><td>1</td><td>515</td><td>1,631</td><td>-</td><td>29</td><td>321</td><td>191</td></tr><tr><td>June 3/</td><td>-</td><td>1</td><td>580</td><td>1,960</td><td>4</td><td>67</td><td>493</td><td>288</td></tr><tr><td>July 3/</td><td>-</td><td>2</td><td>710</td><td>2,725</td><td>-</td><td>53</td><td>497</td><td>242</td></tr><tr><td>August 3/</td><td>-</td><td>7</td><td>576</td><td>2,091</td><td>-</td><td>63</td><td>300</td><td>186</td></tr><tr><td>September 3/</td><td>-</td><td>1</td><td>644</td><td>2,116</td><td>-</td><td>89</td><td>293</td><td>103</td></tr></table>
<table><tr><th>Calendar year or month</th><th>British Indie</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>382</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>1940</td><td>314</td><td>1</td><td>396</td><td>10,308</td><td>1,154</td><td>1,202</td><td>54,760</td></tr><tr><td>1940-September</td><td>-71</td><td>-</td><td>396</td><td>861</td><td>75</td><td>146</td><td>4,517</td></tr><tr><td>October</td><td>-35</td><td>-</td><td>-</td><td>872</td><td>70</td><td>87</td><td>4,770</td></tr><tr><td>November</td><td>-</td><td>-</td><td>-</td><td>1,279</td><td>76</td><td>138</td><td>4,653</td></tr><tr><td>December</td><td>-</td><td>-</td><td>-</td><td>644</td><td>67</td><td>149</td><td>4,567</td></tr><tr><td>1941-January</td><td>311</td><td>-</td><td>3</td><td>593</td><td>107</td><td>66</td><td>4,256</td></tr><tr><td>February</td><td>-102</td><td>-</td><td>-</td><td>263</td><td>-198</td><td>85</td><td>2,475</td></tr><tr><td>March</td><td>-</td><td>-</td><td>-</td><td>772</td><td>-723</td><td>83</td><td>3,441</td></tr><tr><td>April</td><td>-1,127</td><td>-</td><td>-</td><td>113</td><td>99</td><td>53</td><td>3,134</td></tr><tr><td>May 3/</td><td>-</td><td>-</td><td>-</td><td>305</td><td>225</td><td>129</td><td>3,347 4/</td></tr><tr><td>June 3/</td><td>33</td><td>-</td><td>-</td><td>512</td><td>79</td><td>82</td><td>4,099 5/</td></tr><tr><td>July 3/</td><td>-</td><td>-</td><td>-</td><td>90</td><td>109</td><td>258</td><td>4,686 4/</td></tr><tr><td>August 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>120</td><td>218</td><td>3,561 5/</td></tr><tr><td>September 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>109</td><td>3,356 5/</td></tr></table>
Source: U. S. Department of Commerce.
1/ Includes net import of $12,950,000 from France.
2/ Includes net import of $9,791,000 from Siam.
3/ In the interest of national and hemisphere defense, the Department of Commerce has temporarily suspended publication of silver export statistics by country of destination. This action is effective with statistics for May 1941. The figures shown in the table for May, June, July, August, and September 1941 for the various countries represent gross imports.
4/ Gross exports amounted to $614,746 in May, to $209,778 in June, to $353,313 in July, to $207,497 in August, and to $347,716 in September.
OTHER TREASURY STATISTICS
82
83
Balance Sheet of the Exchange Stabilization Fund As of June 30, 1940 and June 30, 1941
<table><tr><th></th><th>June 30, 1940</th><th>June 30, 1941</th></tr><tr><td><b>Assets</b></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S., gold....................</td><td>$1,500,000,000.00</td><td>$1,800,000,000.00</td></tr><tr><td>Treasurer of the U. S., checking account.........</td><td>1,564,334.28</td><td>1,581,892.07</td></tr><tr><td>Federal Reserve Bank of New York, special account...</td><td>127,198,969.35</td><td>106,696,315.84</td></tr><tr><td>Disturbing officers' balances and advance accounts...</td><td>11,072.26</td><td>16,084.85</td></tr><tr><td>Total cash.....................................</td><td>$1,928,774,375.89</td><td>$1,903,494,292.76</td></tr><tr><td>Special accounts of Secretary of the Treasury in Federal Reserve Bank of New York:</td><td></td><td></td></tr><tr><td>Special account No. 1, gold (Schedule 1).........</td><td>86,020,160.63</td><td>88,918,988.78</td></tr><tr><td>Due from foreign banks (foreign exchange):</td><td></td><td></td></tr><tr><td>France....................</td><td>$ 17.88</td><td>$ 17.88</td></tr><tr><td>Belgias....................</td><td>505.06</td><td>505.06</td></tr><tr><td>Sterling....................</td><td>2,836.40</td><td>2,980.05</td></tr><tr><td>Central Bank of China (secured deposits) 1/.....</td><td>19,112,500.00</td><td>19,117,998.12</td></tr><tr><td>Total due from foreign banks....................</td><td>19,115,859.34</td><td>19,121,501.11</td></tr><tr><td>Investments in U. S. Government securities (Schedule 2)</td><td>10,448,723.13</td><td>10,448,723.13</td></tr><tr><td>Accrued interest receivable (Schedule 2).........</td><td>9,730.73</td><td>9,730.73</td></tr><tr><td>Other accounts (deferred charges)................</td><td>6,013.43</td><td>35.71</td></tr><tr><td>Commodity sales contracts (deferred charges).....</td><td>2,636.00</td><td>2,636.00</td></tr><tr><td>Total assets....................................</td><td>$2,044,377,519.15</td><td>$2,026,995,868.22</td></tr><tr><td><b>Liabilities and Capital</b></td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Youchers payable....................</td><td>$ 4,018.05</td><td>$ 1,816.99</td></tr><tr><td>Due to foreign banks....................</td><td>22,845,963.21</td><td>97,537.99</td></tr><tr><td>Total accounts payable....................</td><td>$ 22,849,981.26</td><td>$ 99,354.98</td></tr><tr><td>Capital account...............................</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Earnings less administrative expenses (Schedules 3 and 4)</td><td>21,527,537.89</td><td>26,896,513.24</td></tr><tr><td>Total liabilities and capital..................</td><td>$2,044,377,519.15</td><td>$2,026,995,868.22</td></tr></table>
Back Figures: Annual balance sheets for the years 1934 through 1940 may be found in the "Annual Report of the Secretary of the Treasury for 1940". Quarterly balance sheets commencing December 31, 1938 may be found in previous issues of the "Treasury Bulletin". 1/ Consisted of 65,000,000 yuan as of June 30, 1940 and 85,018,698.63 yuan as of June 30, 1941. Gold held as collateral amounted to $19,379,015.65 as of both dates.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
Location of gold held by and for account of the Exchange Stabilization Fund 1/
<table><tr><th>Location</th><th colspan="2">June 30, 1940</th><th colspan="2">June 30, 1941</th></tr><tr><th></th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>Federal Reserve Bank of New York</td><td>462,392.042</td><td>16,183,721.49</td><td>250,485.974</td><td>8,767,009.10</td></tr><tr><td>U. S. Assay Office, New York</td><td>1,995,327.406</td><td>69,836,459.14</td><td>2,290,055.419</td><td>80,151,939.68</td></tr><tr><td>Total</td><td>2,457,719.448</td><td>86,020,180.63</td><td>2,540,541.393</td><td>85,918,948.78</td></tr></table>
1/ Excludes gold held by Treasurer of the U. S.
84
Schedules for Balance Sheet of the Exchange Stabilization Fund
- (Continued)
Schedule 2
U. S. Government securities held by the Exchange Stabilization Fund
<table><tr><th rowspan="2">Issue</th><th colspan="4">June 30, 1940</th><th colspan="4">June 30, 1941</th></tr><tr><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th></tr><tr><td>2-1/4% Treasury bonds, 1951-53..</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$9,221.31</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$9,221.31</td></tr><tr><td>2-3/4% Treasury bonds, 1958-63..</td><td>50,000</td><td>$9,640.63</td><td>99.2813</td><td>56.35</td><td>50,000</td><td>$9,640.63</td><td>99.2813</td><td>56.35</td></tr><tr><td>2-3/4% Treasury bonds, 1960-65..</td><td>402,000</td><td>$399,082.50</td><td>99.2743</td><td>453.07</td><td>402,000</td><td>$399,082.50</td><td>99.2743</td><td>453.07</td></tr><tr><td>Total U. S. Government securities......</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$9,730.73</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$9,730.73</td></tr></table>
Schedule 3
Earnings of the Exchange Stabilization Fund
<table><tr><th>Source</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through June 30, 1941</th></tr><tr><td>Profits on British Sterling transactions</td><td>$ 310,494.44</td><td>$ 310,638.09</td></tr><tr><td>Profits on French franc transactions</td><td>351,537.99</td><td>351,537.99</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold)</td><td>12,907,527.19</td><td>17,972,095.55</td></tr><tr><td>Profits on silver transactions</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalised)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>1,019,326.18</td><td>1,019,326.18</td></tr><tr><td>Interest on investments</td><td>3,236,149.14</td><td>3,473,579.14</td></tr><tr><td>Miscellaneous profits</td><td>473.74</td><td>473.74</td></tr><tr><td>Interest earned on foreign balances</td><td>56,717.37</td><td>92,551.68</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,265,656.11</td><td>1,554,277.23</td></tr><tr><td>Total earnings</td><td>$22,726,615.72</td><td>$28,353,213.16</td></tr></table>
Schedule 4
Administrative expenses of the Exchange Stabilization Fund
<table><tr><th>Classification</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through June 30, 1941</th></tr><tr><td>Salaries</td><td>$ 723,720.40</td><td>$ 914,924.58</td></tr><tr><td>Travel</td><td>47,753.95</td><td>53,001.47</td></tr><tr><td>Subsistence</td><td>35,108.04</td><td>37,825.68</td></tr><tr><td>Telephone and telegraph</td><td>279,656.42</td><td>314,121.44</td></tr><tr><td>Stationery, etc.</td><td>13,811.21</td><td>16,417.92</td></tr><tr><td>All other</td><td>99,027.81</td><td>120,408.83</td></tr><tr><td><b>Total administrative expenses</b></td><td><b>$1,199,077.83</b></td><td><b>$1,456,699.92</b></td></tr></table>
85
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Grand total</td><td>34,619</td><td>35,167</td><td>4,206</td><td>3,160</td><td>3,079</td><td>2,571</td><td>1,875</td><td>1,825</td><td>1,801</td><td>2,032</td><td>2,662</td><td>3,694</td><td>4,177</td><td>4,791</td><td>4,657</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>8,755</td><td>9,151r</td><td>1,705</td><td>1,038</td><td>997</td><td>748</td><td>158</td><td>50</td><td>64</td><td>83</td><td>362</td><td>1,078</td><td>1,272r</td><td>1,791</td><td>1,802</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>25,864</td><td>26,016r</td><td>2,501</td><td>2,122</td><td>2,082</td><td>1,823</td><td>1,717</td><td>1,775</td><td>1,737</td><td>1,949</td><td>2,300</td><td>2,616</td><td>2,905r</td><td>3,000</td><td>2,855</td></tr><tr><td>American vessels</td><td>7,928</td><td>8,123</td><td>841</td><td>644</td><td>608</td><td>491</td><td>486</td><td>468</td><td>489</td><td>553</td><td>680</td><td>940</td><td>1,068</td><td>1,041</td><td>930</td></tr><tr><td>Foreign vessels</td><td>17,936</td><td>17,893r</td><td>1,660</td><td>1,478</td><td>1,474</td><td>1,332</td><td>1,231</td><td>1,307</td><td>1,248</td><td>1,396</td><td>1,620</td><td>1,676</td><td>1,837r</td><td>1,959</td><td>1,925</td></tr><tr><td>Belgian</td><td>121</td><td>70</td><td>9</td><td>6</td><td>15</td><td>4</td><td>3</td><td>5</td><td>4</td><td>5</td><td>3</td><td>3</td><td>3</td><td>3</td><td>4</td></tr><tr><td>Brazilian</td><td>56</td><td>94</td><td>5</td><td>6</td><td>7</td><td>5</td><td>9</td><td>7</td><td>8</td><td>12</td><td>9</td><td>11</td><td>10</td><td>6</td><td>5</td></tr><tr><td>British</td><td>9,562</td><td>10,876</td><td>1,061</td><td>902</td><td>889</td><td>758</td><td>664</td><td>724</td><td>708</td><td>763</td><td>1,020</td><td>1,057</td><td>1,288</td><td>1,359</td><td>1,375</td></tr><tr><td>Danish</td><td>463</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>628</td><td>500</td><td>41</td><td>40</td><td>50</td><td>40</td><td>36</td><td>52</td><td>35</td><td>42</td><td>47</td><td>39</td><td>34</td><td>43</td><td>50</td></tr><tr><td>Finnish</td><td>130</td><td>242</td><td>19</td><td>13</td><td>18</td><td>25</td><td>18</td><td>22</td><td>30</td><td>23</td><td>19</td><td>27</td><td>14</td><td>3</td><td>-</td></tr><tr><td>French</td><td>243</td><td>64</td><td>1</td><td>2</td><td>8</td><td>1</td><td>5</td><td>4</td><td>8</td><td>10</td><td>12</td><td>4</td><td>7</td><td>4</td><td>7</td></tr><tr><td>German</td><td>78</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Greek</td><td>295</td><td>264</td><td>33</td><td>42</td><td>27</td><td>26</td><td>25</td><td>22</td><td>21</td><td>15</td><td>11</td><td>7</td><td>6</td><td>10</td><td>3</td></tr><tr><td>Honduran</td><td>796</td><td>922r</td><td>75</td><td>69</td><td>80</td><td>72</td><td>66</td><td>71</td><td>68</td><td>81</td><td>84</td><td>100</td><td>78r</td><td>79</td><td>72</td></tr><tr><td>Italian</td><td>299</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>784</td><td>700</td><td>62</td><td>57</td><td>66</td><td>76</td><td>55</td><td>54</td><td>54</td><td>55</td><td>52</td><td>59</td><td>47</td><td>40</td><td>6</td></tr><tr><td>Norwegian</td><td>2,700</td><td>1,923</td><td>176</td><td>159</td><td>138</td><td>137</td><td>155</td><td>155</td><td>151</td><td>173</td><td>162</td><td>170</td><td>159</td><td>169</td><td>149</td></tr><tr><td>Panamanian</td><td>653</td><td>853</td><td>56</td><td>71</td><td>67</td><td>79</td><td>79</td><td>69</td><td>65</td><td>70</td><td>82</td><td>75</td><td>72</td><td>98</td><td>99</td></tr><tr><td>Portuguese</td><td>6</td><td>73</td><td>1</td><td>3</td><td>4</td><td>6</td><td>7</td><td>8</td><td>6</td><td>4</td><td>11</td><td>9</td><td>10</td><td>7</td><td>8</td></tr><tr><td>Spanish</td><td>78</td><td>113</td><td>12</td><td>8</td><td>12</td><td>15</td><td>16</td><td>9</td><td>3</td><td>6</td><td>7</td><td>5</td><td>11</td><td>8</td><td>7</td></tr><tr><td>Swedish</td><td>414</td><td>374</td><td>33</td><td>39</td><td>38</td><td>24</td><td>37</td><td>28</td><td>25</td><td>33</td><td>28</td><td>34</td><td>24</td><td>37</td><td>32</td></tr><tr><td>Yugoslavian</td><td>75</td><td>130</td><td>13</td><td>5</td><td>9</td><td>8</td><td>8</td><td>11</td><td>11</td><td>19</td><td>13</td><td>19</td><td>9</td><td>23</td><td>14</td></tr><tr><td>Other flags</td><td>555</td><td>689</td><td>63</td><td>56</td><td>46</td><td>56</td><td>47</td><td>64</td><td>51</td><td>65</td><td>60</td><td>57</td><td>62</td><td>70</td><td>94</td></tr></table>
Net registered tonnage (in thousands of tons)
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Grand total</td><td>67,136</td><td>60,255r</td><td>6,331</td><td>5,405</td><td>5,432</td><td>5,040</td><td>3,840</td><td>3,839</td><td>3,636</td><td>3,981</td><td>4,605</td><td>5,729</td><td>6,069r</td><td>6,708</td><td>6,701</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>13,632</td><td>14,402r</td><td>2,098</td><td>1,662</td><td>1,605</td><td>1,438</td><td>259</td><td>139</td><td>212</td><td>274</td><td>815</td><td>1,760</td><td>2,014r</td><td>2,431</td><td>2,472</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>53,504</td><td>45,853r</td><td>4,233</td><td>3,743</td><td>3,827</td><td>3,602</td><td>3,581</td><td>3,700</td><td>3,424</td><td>3,707</td><td>3,790</td><td>3,969</td><td>4,055r</td><td>4,276</td><td>4,229</td></tr><tr><td>American vessels</td><td>16,033</td><td>16,802r</td><td>1,531</td><td>1,303</td><td>1,403</td><td>1,204</td><td>1,244</td><td>1,186</td><td>1,317</td><td>1,439</td><td>1,386</td><td>1,636</td><td>1,607r</td><td>1,524</td><td>1,681</td></tr><tr><td>Foreign vessels</td><td>37,471</td><td>29,051r</td><td>2,702</td><td>2,440</td><td>2,424</td><td>2,398</td><td>2,337</td><td>2,514</td><td>2,107</td><td>2,268</td><td>2,404</td><td>2,333</td><td>2,448r</td><td>2,752</td><td>2,548</td></tr><tr><td>Belgian</td><td>461</td><td>265</td><td>30</td><td>24</td><td>52</td><td>15</td><td>7</td><td>18</td><td>16</td><td>23</td><td>13</td><td>15</td><td>14</td><td>15</td><td>12</td></tr><tr><td>Brazilian</td><td>181</td><td>306</td><td>16</td><td>22</td><td>23</td><td>16</td><td>34</td><td>20</td><td>28</td><td>38</td><td>23</td><td>34</td><td>35</td><td>18</td><td>15</td></tr><tr><td>British</td><td>11,701</td><td>10,129r</td><td>1,121</td><td>870</td><td>790</td><td>792</td><td>743</td><td>896</td><td>661</td><td>662</td><td>862</td><td>742</td><td>969r</td><td>1,119</td><td>1,194</td></tr><tr><td>Danish</td><td>1,092</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>2,715</td><td>1,435</td><td>126</td><td>140</td><td>152</td><td>107</td><td>93</td><td>160</td><td>88</td><td>121</td><td>125</td><td>96</td><td>98</td><td>135</td><td>142</td></tr><tr><td>Finland</td><td>214</td><td>350</td><td>28</td><td>15</td><td>28</td><td>38</td><td>26</td><td>31</td><td>42</td><td>31</td><td>29</td><td>37</td><td>24</td><td>6</td><td>-</td></tr><tr><td>French</td><td>1,164</td><td>137</td><td>2</td><td>2</td><td>24</td><td>2</td><td>10</td><td>8</td><td>17</td><td>27</td><td>24</td><td>6</td><td>7</td><td>8</td><td>17</td></tr><tr><td>German</td><td>571</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Greek</td><td>992</td><td>731</td><td>99</td><td>124</td><td>75</td><td>70</td><td>71</td><td>57</td><td>54</td><td>36</td><td>26</td><td>18</td><td>17</td><td>24</td><td>4</td></tr><tr><td>Honduran</td><td>1,035</td><td>1,264</td><td>102</td><td>100</td><td>111</td><td>97</td><td>95</td><td>107</td><td>98</td><td>111</td><td>110</td><td>129</td><td>106</td><td>104</td><td>96</td></tr><tr><td>Italian</td><td>1,858</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>3,799</td><td>3,642</td><td>330</td><td>302</td><td>335</td><td>385</td><td>277</td><td>259</td><td>266</td><td>266</td><td>268</td><td>340</td><td>276</td><td>246</td><td>40</td></tr><tr><td>Norwegian</td><td>6,912</td><td>4,743</td><td>407</td><td>373</td><td>347</td><td>373</td><td>421</td><td>399</td><td>417</td><td>417</td><td>410</td><td>377</td><td>375</td><td>408</td><td>382</td></tr><tr><td>Panamanian</td><td>2,350</td><td>3,073</td><td>201</td><td>236</td><td>246</td><td>288</td><td>297</td><td>285</td><td>228</td><td>268</td><td>279</td><td>262</td><td>250</td><td>362</td><td>322</td></tr><tr><td>Portuguese</td><td>11</td><td>200</td><td>4</td><td>13</td><td>11</td><td>7</td><td>24</td><td>22</td><td>18</td><td>11</td><td>26</td><td>25</td><td>33</td><td>20</td><td>21</td></tr><tr><td>Spanish</td><td>244</td><td>383</td><td>38</td><td>25</td><td>38</td><td>50</td><td>47</td><td>32</td><td>9</td><td>22</td><td>23</td><td>19</td><td>38</td><td>31</td><td>25</td></tr><tr><td>Swedish</td><td>1,228</td><td>1,098</td><td>82</td><td>123</td><td>105</td><td>52</td><td>109</td><td>90</td><td>76</td><td>107</td><td>75</td><td>95</td><td>81</td><td>105</td><td>92</td></tr><tr><td>Yugoslavian</td><td>216</td><td>296</td><td>34</td><td>11</td><td>24</td><td>22</td><td>16</td><td>24</td><td>26</td><td>39</td><td>30</td><td>41</td><td>16</td><td>45</td><td>25</td></tr><tr><td>Other flags</td><td>725</td><td>980</td><td>81</td><td>60</td><td>64</td><td>86</td><td>67</td><td>94</td><td>62</td><td>87</td><td>83</td><td>97</td><td>110</td><td>105</td><td>162</td></tr></table>
Source: Reports from Collectors of Customs. * Less than 500 tons. r Revised.
86
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="9">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Ashtabula</td><td>333</td><td>291</td><td>34</td><td>28</td><td>29</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>55</td><td>99</td><td>75</td><td>46</td></tr><tr><td>Baltimore</td><td>748</td><td>767</td><td>66</td><td>78</td><td>56</td><td>51</td><td>55</td><td>60</td><td>62</td><td>61</td><td>78</td><td>74</td><td>65</td><td>69</td><td>65</td></tr><tr><td>Boston</td><td>750</td><td>715</td><td>77</td><td>53</td><td>51</td><td>41</td><td>55</td><td>64</td><td>53</td><td>52</td><td>59</td><td>75</td><td>63</td><td>61</td><td>55</td></tr><tr><td>Buffalo</td><td>414</td><td>421</td><td>48</td><td>44</td><td>57</td><td>55</td><td>5</td><td>-</td><td>-</td><td>-</td><td>20</td><td>87</td><td>65</td><td>72</td><td>70</td></tr><tr><td>Corpus Christi</td><td>232</td><td>64</td><td>9</td><td>11</td><td>8</td><td>6</td><td>6</td><td>1</td><td>2</td><td>4</td><td>4</td><td>3</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Detroit</td><td>1,069</td><td>1,340</td><td>170</td><td>138</td><td>151</td><td>126</td><td>62</td><td>10</td><td>-</td><td>-</td><td>73</td><td>187</td><td>223</td><td>211</td><td>191</td></tr><tr><td>Galveston</td><td>414</td><td>262</td><td>25</td><td>31</td><td>29</td><td>23</td><td>19</td><td>14</td><td>17</td><td>17</td><td>22</td><td>19</td><td>18</td><td>24</td><td>17</td></tr><tr><td>Houston</td><td>445</td><td>234</td><td>24</td><td>25</td><td>29</td><td>25</td><td>24</td><td>19</td><td>19</td><td>13</td><td>10</td><td>9</td><td>10</td><td>6</td><td>13</td></tr><tr><td>Los Angeles</td><td>1,295</td><td>1,089</td><td>85</td><td>97</td><td>105</td><td>103</td><td>94</td><td>99</td><td>81</td><td>87</td><td>87</td><td>90</td><td>76</td><td>68</td><td>58</td></tr><tr><td>Miami</td><td>971</td><td>789</td><td>59</td><td>52</td><td>57</td><td>65</td><td>67</td><td>64</td><td>61</td><td>71</td><td>65</td><td>81</td><td>70</td><td>56</td><td>43</td></tr><tr><td>Mobile</td><td>339</td><td>293r</td><td>24</td><td>31</td><td>25</td><td>25</td><td>23</td><td>22</td><td>21</td><td>18</td><td>24</td><td>17</td><td>22r</td><td>18</td><td>15</td></tr><tr><td>New Orleans</td><td>1,255</td><td>1,170</td><td>90</td><td>87</td><td>97</td><td>92</td><td>85</td><td>103</td><td>78</td><td>103</td><td>116</td><td>126</td><td>94</td><td>92</td><td>103</td></tr><tr><td>New York</td><td>3,911</td><td>3,973r</td><td>356</td><td>282</td><td>308</td><td>288</td><td>299</td><td>295</td><td>270</td><td>340</td><td>384</td><td>402</td><td>424r</td><td>475</td><td>499</td></tr><tr><td> Norfolk & Newport News</td><td>823</td><td>714</td><td>71</td><td>59</td><td>52</td><td>48</td><td>61</td><td>61</td><td>58</td><td>67</td><td>49</td><td>64</td><td>55</td><td>69</td><td>66</td></tr><tr><td>Philadelphia</td><td>655</td><td>713</td><td>51</td><td>63</td><td>55</td><td>56</td><td>63</td><td>65</td><td>57</td><td>58</td><td>62</td><td>62</td><td>67</td><td>58</td><td>69</td></tr><tr><td>Port Angeles, Wash.</td><td>1,299</td><td>1,290</td><td>178</td><td>103</td><td>95</td><td>65</td><td>66</td><td>78</td><td>83</td><td>99</td><td>84</td><td>98</td><td>136</td><td>156</td><td>129</td></tr><tr><td>Port Arthur</td><td>270</td><td>164</td><td>13</td><td>15</td><td>15</td><td>17</td><td>12</td><td>8</td><td>9</td><td>10</td><td>18</td><td>11</td><td>19</td><td>13</td><td>14</td></tr><tr><td>Rochester</td><td>713</td><td>946</td><td>114</td><td>100</td><td>77</td><td>60</td><td>39</td><td>40</td><td>64</td><td>80</td><td>38</td><td>84</td><td>139</td><td>164</td><td>156</td></tr><tr><td>San Francisco</td><td>525</td><td>422</td><td>41</td><td>34</td><td>34</td><td>33</td><td>37</td><td>34</td><td>30</td><td>34</td><td>39</td><td>31</td><td>36</td><td>36</td><td>41</td></tr><tr><td>Savannah</td><td>208</td><td>133</td><td>18</td><td>7</td><td>11</td><td>6</td><td>7</td><td>13</td><td>7</td><td>12</td><td>7</td><td>17</td><td>12</td><td>22</td><td>9</td></tr><tr><td>Seattle</td><td>1,693</td><td>1,621</td><td>181</td><td>129</td><td>136</td><td>129</td><td>116</td><td>120</td><td>105</td><td>126</td><td>138</td><td>126</td><td>132</td><td>178</td><td>164</td></tr><tr><td>Toledo</td><td>928</td><td>1,102</td><td>158</td><td>126</td><td>126</td><td>120</td><td>17</td><td>-</td><td>-</td><td>2</td><td>75</td><td>148</td><td>163</td><td>150</td><td>173</td></tr><tr><td>Other ports</td><td>15,329</td><td>16,654</td><td>2,314</td><td>1,567</td><td>1,476</td><td>1,089</td><td>663</td><td>655</td><td>724</td><td>778</td><td>1,198</td><td>1,828</td><td>2,228</td><td>2,717</td><td>2,660</td></tr><tr><td>Total</td><td>34,619</td><td>35,167</td><td>4,206</td><td>3,160</td><td>3,079</td><td>2,571</td><td>1,675</td><td>1,825</td><td>1,801</td><td>2,032</td><td>2,662</td><td>3,694</td><td>4,177</td><td>4,791</td><td>4,657</td></tr></table>
Net registered tonnage (in thousands of tons)
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Ashtabula</td><td>875</td><td>871</td><td>114</td><td>96</td><td>85</td><td>86</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>140</td><td>166</td><td>187</td><td>158</td></tr><tr><td>Baltimore</td><td>2,149</td><td>2,329</td><td>181</td><td>236</td><td>177</td><td>166</td><td>176</td><td>186</td><td>209</td><td>183</td><td>246</td><td>202</td><td>179</td><td>211</td><td>196</td></tr><tr><td>Boston</td><td>1,953</td><td>1,712</td><td>187</td><td>148</td><td>123</td><td>125</td><td>129</td><td>163</td><td>162</td><td>157</td><td>133</td><td>124</td><td>105</td><td>141</td><td>133</td></tr><tr><td>Buffalo</td><td>897</td><td>883</td><td>111</td><td>102</td><td>75</td><td>116</td><td>18</td><td>-</td><td>-</td><td>-</td><td>63</td><td>168</td><td>136</td><td>123</td><td>105</td></tr><tr><td>Corpus Christi</td><td>1,051</td><td>270</td><td>38</td><td>43</td><td>36</td><td>25</td><td>24</td><td>5</td><td>5</td><td>13</td><td>15</td><td>15</td><td>5</td><td>6</td><td>4</td></tr><tr><td>Detroit</td><td>1,551</td><td>1,722</td><td>262</td><td>224</td><td>197</td><td>172</td><td>39</td><td>4</td><td>-</td><td>-</td><td>92</td><td>167</td><td>296</td><td>323</td><td>286</td></tr><tr><td>Galveston</td><td>1,197</td><td>614</td><td>60</td><td>80</td><td>60</td><td>52</td><td>57</td><td>39</td><td>44</td><td>28</td><td>40</td><td>52</td><td>34</td><td>36</td><td>31</td></tr><tr><td>Houston</td><td>1,735</td><td>842</td><td>90</td><td>94</td><td>110</td><td>92</td><td>86</td><td>68</td><td>74</td><td>40</td><td>30</td><td>19</td><td>35</td><td>18</td><td>49</td></tr><tr><td>Los Angeles</td><td>5,098</td><td>4,329</td><td>361</td><td>348</td><td>414</td><td>405</td><td>382</td><td>370</td><td>332</td><td>363</td><td>323</td><td>360</td><td>326</td><td>279</td><td>202</td></tr><tr><td>Miami</td><td>881</td><td>457</td><td>47</td><td>48</td><td>46</td><td>48</td><td>51</td><td>28</td><td>23</td><td>29</td><td>16</td><td>24</td><td>34</td><td>27</td><td>28</td></tr><tr><td>Mobile</td><td>483</td><td>498</td><td>37</td><td>56</td><td>39</td><td>46</td><td>41</td><td>44</td><td>47</td><td>25</td><td>39</td><td>15</td><td>30</td><td>23</td><td>35</td></tr><tr><td>New Orleans</td><td>3,140</td><td>3,063</td><td>236</td><td>225</td><td>290</td><td>267</td><td>241</td><td>258</td><td>207</td><td>245</td><td>286</td><td>319</td><td>221</td><td>227</td><td>236</td></tr><tr><td>New York</td><td>16,580</td><td>13,538</td><td>1,253</td><td>985</td><td>1,174</td><td>981</td><td>987</td><td>1,011</td><td>961</td><td>1,155</td><td>1,289</td><td>1,334</td><td>1,381</td><td>1,635</td><td>1,656</td></tr><tr><td> Norfolk & Newport News</td><td>2,150</td><td>1,848</td><td>182</td><td>152</td><td>158</td><td>130</td><td>152</td><td>165</td><td>140</td><td>171</td><td>116</td><td>161</td><td>128</td><td>175</td><td>183</td></tr><tr><td>Philadelphia</td><td>1,925</td><td>2,162</td><td>150</td><td>179</td><td>171</td><td>174</td><td>194</td><td>196</td><td>188</td><td>172</td><td>169</td><td>185</td><td>224</td><td>182</td><td>219</td></tr><tr><td>Port Angeles, Wash.</td><td>835</td><td>997</td><td>148</td><td>84</td><td>73</td><td>59</td><td>59</td><td>66</td><td>59</td><td>62</td><td>58</td><td>65</td><td>121</td><td>171</td><td>151</td></tr><tr><td>Port Arthur</td><td>1,121</td><td>549</td><td>42</td><td>57</td><td>46</td><td>55</td><td>43</td><td>27</td><td>30</td><td>43</td><td>50</td><td>34</td><td>55</td><td>35</td><td>39</td></tr><tr><td>Rochester</td><td>1,596</td><td>2,393</td><td>237</td><td>227</td><td>183</td><td>157</td><td>132</td><td>135</td><td>212</td><td>264</td><td>119</td><td>189</td><td>352</td><td>389</td><td>378</td></tr><tr><td>San Francisco</td><td>2,063</td><td>1,498</td><td>148</td><td>117</td><td>131</td><td>117</td><td>113</td><td>123</td><td>111</td><td>121</td><td>155</td><td>107</td><td>107</td><td>107</td><td>126</td></tr><tr><td>Savannah</td><td>533</td><td>385</td><td>59</td><td>20</td><td>31</td><td>17</td><td>26</td><td>35</td><td>20</td><td>41</td><td>22</td><td>33</td><td>29</td><td>54</td><td>31</td></tr><tr><td>Seattle</td><td>3,062</td><td>2,945</td><td>357</td><td>277</td><td>254</td><td>241</td><td>221</td><td>228</td><td>188</td><td>200</td><td>209</td><td>206</td><td>226</td><td>225</td><td>217</td></tr><tr><td>Toledo</td><td>1,892</td><td>1,921</td><td>263</td><td>241</td><td>191</td><td>214</td><td>25</td><td>-</td><td>-</td><td>10</td><td>159</td><td>254</td><td>273</td><td>272</td><td>309</td></tr><tr><td>Other ports</td><td>14,369</td><td>14,429r</td><td>1,768</td><td>1,366</td><td>1,368</td><td>1,295</td><td>644</td><td>688</td><td>625</td><td>659</td><td>954</td><td>1,556</td><td>1,606r</td><td>1,862</td><td>1,929</td></tr><tr><td>Total</td><td>67,136</td><td>60,255r</td><td>6,331</td><td>5,405</td><td>5,432</td><td>5,040</td><td>3,840</td><td>3,839</td><td>3,636</td><td>3,981</td><td>4,605</td><td>5,729</td><td>6,069r</td><td>6,708</td><td>6,701</td></tr></table>
Source: Reports from Collectors of Customs. r Revised.
87
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th rowspan="2"></th><th colspan="6">Totals by months, March - August 1941</th><th colspan="5">Distribution by originating organization, August 1941</th></tr><tr><th>March</th><th>April</th><th>May</th><th>June</th><th>July</th><th>August</th><th>Alcohol Tax Unit</th><th>Bureau of Customs</th><th>Bureau of Narcotics</th><th>Secret Service Division</th><th>Income and exc. tax cases of Bureau of Internal Revenue</th></tr><tr><td><b>Inventory</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of cases pending first of month</td><td>18,718</td><td>18,707</td><td>18,731</td><td>17,339</td><td>16,606</td><td>16,894</td><td>13,719</td><td>183</td><td>1,762</td><td>887</td><td>343</td></tr><tr><td>New cases</td><td>3,292</td><td>2,773</td><td>2,523</td><td>2,469</td><td>2,383</td><td>2,462</td><td>1,987</td><td>29</td><td>292</td><td>153</td><td>21</td></tr><tr><td>Cases closed</td><td>3,303</td><td>2,749</td><td>3,915</td><td>3,202</td><td>2,095</td><td>990</td><td>627</td><td>7</td><td>238</td><td>93</td><td>25</td></tr><tr><td>Number of cases pending end of month</td><td>18,707</td><td>18,731</td><td>17,339</td><td>16,606</td><td>16,894</td><td>18,386</td><td>15,079</td><td>205</td><td>1,816</td><td>947</td><td>339</td></tr><tr><td>Net change in cases pending</td><td>-11</td><td>+24</td><td>-1,392</td><td>-733</td><td>+288</td><td>+1,492</td><td>+1,360</td><td>+22</td><td>+54</td><td>+60</td><td>-4</td></tr><tr><td><b>Disposition of cases closed</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number transferred 2/</td><td>166</td><td>143</td><td>174</td><td>175</td><td>188</td><td>80</td><td>24</td><td>1</td><td>44</td><td>11</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/</td><td>3,137</td><td>2,606</td><td>3,741</td><td>3,027</td><td>1,907</td><td>910</td><td>603</td><td>6</td><td>194</td><td>82</td><td>25</td></tr><tr><td>Total number of cases closed</td><td>3,303</td><td>2,749</td><td>3,915</td><td>3,202</td><td>2,095</td><td>990</td><td>627</td><td>7</td><td>238</td><td>93</td><td>25</td></tr><tr><td>Percentage distribution of cases released or convicted:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Percent released</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Before indictment</td><td>16</td><td>18</td><td>15</td><td>14</td><td>26</td><td>24</td><td>29</td><td>33</td><td>1</td><td>10</td><td>24</td></tr><tr><td>After indictment</td><td>9</td><td>13</td><td>7</td><td>13</td><td>10</td><td>12</td><td>12</td><td>17</td><td>9</td><td>10</td><td>28</td></tr><tr><td>Acquitted</td><td>4</td><td>2</td><td>5</td><td>3</td><td>2</td><td>2</td><td>2</td><td>-</td><td>1</td><td>5</td><td>-</td></tr><tr><td>Total released</td><td>29</td><td>33</td><td>27</td><td>30</td><td>38</td><td>38</td><td>43</td><td>50</td><td>11</td><td>25</td><td>52</td></tr><tr><td>Percent convicted</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Found guilty</td><td>7</td><td>6</td><td>8</td><td>5</td><td>7</td><td>5</td><td>5</td><td>-</td><td>9</td><td>1</td><td>32</td></tr><tr><td>Pleaded guilty</td><td>64</td><td>61</td><td>65</td><td>65</td><td>55</td><td>57</td><td>52</td><td>50</td><td>80</td><td>74</td><td>16</td></tr><tr><td>Total convicted</td><td>71</td><td>67</td><td>73</td><td>70</td><td>62</td><td>62</td><td>57</td><td>50</td><td>89</td><td>75</td><td>48</td></tr><tr><td><b>Sentence imposed</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of convictions</td><td>2,125</td><td>1,668</td><td>2,629</td><td>2,063</td><td>1,085</td><td>508</td><td>343</td><td>3</td><td>92</td><td>58</td><td>12</td></tr><tr><td>Percent of convictions resulting in 4/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Imprisonment</td><td>62</td><td>57</td><td>58</td><td>57</td><td>60</td><td>64</td><td>59</td><td>100</td><td>78</td><td>72</td><td>42</td></tr><tr><td>Fine</td><td>22</td><td>23</td><td>26</td><td>18</td><td>21</td><td>21</td><td>22</td><td>67</td><td>14</td><td>21</td><td>17</td></tr><tr><td>Probation 5/</td><td>34</td><td>39</td><td>36</td><td>39</td><td>37</td><td>39</td><td>37</td><td>-</td><td>43</td><td>41</td><td>53</td></tr><tr><td>Average number of days imprisonment to be served</td><td>363</td><td>415</td><td>404</td><td>420</td><td>503</td><td>452</td><td>334</td><td>487</td><td>721</td><td>479</td><td>1,096</td></tr><tr><td>Average fine to be paid (dollars)</td><td>343</td><td>319</td><td>489</td><td>494</td><td>284</td><td>471</td><td>283</td><td>2</td><td>624</td><td>4</td><td>10,001</td></tr><tr><td>Total fines to be paid (dollars)</td><td>161,547</td><td>121,405</td><td>336,451</td><td>184,160</td><td>65,541</td><td>49,415</td><td>21,250</td><td>4</td><td>8,113</td><td>47</td><td>20,001</td></tr></table>
1/ Comprises criminal cases of the Alcohol Tax Unit of the Bureau of Internal Revenue, the Bureau of Customs, the Bureau of Narcotics, the Secret Service Division, and the income tax and miscellaneous tax cases referred by the Penal Division of the Bureau of Internal Revenue to the Department of Justice with recommendation for criminal prosecution.
2/ Comprises cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions.
3/ Cases "otherwise disposed of" consist of Customs and Narcotics cases in which no arrests were made and Secret Service cases which were disposed of by luncacy hearings.
4/ Percentages do not add to 100 because a single conviction may involve more than one type of sentence.
5/ Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
Treas. U.S. Treasury Dept. HJ 10 Treasury Bulletin A2 1941 c.2
U.S. TREASURY LIBRARY 1 0031906